Sharing the Cost: An Example of Private-Public Partnership

This past week in Waterville, while the fading sun of a warmer than normal October day still lit the bottom of Main Street, the last remnants of the old Levine’s department store came down to make way for a new 48 bed boutique hotel and restaurant. Welcome to the renaissance of Waterville. The new hotel, along with a new student residence hall and rehabbed office space readying to house 200 high tech jobs for Massachusetts based firm Collaborative Consulting are the results of an announcement one year ago from Colby College president David Greene that the Waterville based school would be investing $20 million in our downtown in new taxable development.