WATERVILLE — A landmark downtown building will be renovated, reduced and developed into an arts hub in a collaboration between Colby College and nonprofit Waterville Creates!
The building, at 93 Main St., The Center, which borders the west side of Castonguay Square, is owned by Waterville Creates!, which bought it in 1996 when the organization was the Waterville Regional Arts and Community Center.
The project is expected to cost between $18 and $20 million, $8 million of which has already been raised, said Brian Clark, Colby vice president of planning, who is also a member of Waterville Creates! board of directors. The project would take 18 months to complete once the money is raised and design is complete.
The 64,000 square-foot building will be reduced to 32,000 square feet under the plan, connected to adjacent City Hall and Waterville Opera House with a two-story atrium, which will also replace much of the brick facade along Castonguay Square.
The project design will be finalized once fundraising goals are met, and then it will go through planning board review and city permitting, Shannon Haines, executive director of Waterville Creates!, told Mainebiz Tuesday.