Two development proposals are under review this week for Montpelier's planned multi-modal transit center. Pre-qualified developers DEW Properties and Redstone have submitted proposals and delivered presentations to the city's Carr Lot Design Committee.
Here's how the project is described on the city's website:
1 Taylor Street is the site formerly known as the "Carr Lot” property. It is located on the east side of Taylor Street in the city of Montpelier at the confluence of the North Branch and Winooski Rivers. It is approximately one acre in size. It was purchased by the city of Montpelier in January 2014 and is currently leased by the State of Vermont for state employee parking. It is centrally located in the downtown business district and adjacent to the State's Capitol Complex. The city of Montpelier hopes to transform what was once a scrap yard and train depot into a state-of-the-art transportation and commercial center and public park. This project is funded through the Federal Highway Administration, the Federal Transit Administration and the City of Montpelier.
On Thursday the committee will reconvene in the City Council Chambers at City Hall to discuss the two proposals. The 5:15 p.m. meeting is open to the public. The committee is expected to recommend a development partner to the City Council within the month.
