| by Lori Valigra

Maine’s business magazine Mainebiz is the latest publication to feature the revitalization efforts in downtown Waterville. The cover story on their Jan. 23 issue is titled “Colby College’s master plan for reshaping downtown Waterville” and reports on not just the broad plan for the city but specifics on current projects. A Jan. 23 story in the Morning Sentinel also provides updates on downtown projects.

Crews are renovating the historic building at 173 Main Street with plans to have its office spaces filled this summer by CGI, a Massachusetts-based IT company. And the College has signed a contract with The Olympia Companies of Portland to build and manage a hotel at the former site of the Levine’s store at the other end of Main Street, which will be owned by Colby, the Sentinel reports.

With the future addition of a Colby student residence hall on Main Street and other properties developed by local and alumni businessmen, downtown Waterville is poised to flourish. “I hope within five years we’d be in a place where we have a vibrant Main Street that’s becoming a destination,” President David A. Greene told Mainebiz. “And in 10 years have a sustainable business model … where the market takes over.”