Gloucester Main Street Invests

The Gloucester Revolving Loan Fund announced this week it has purchased the iconic century-old bank building at 6548 Main Street and in partnership with the Gloucester Main Street Preservation Trust will launch a feasibility study on its revitalization. The study is being supported by a grant from Virginia Main Street.  

“The property is catalytic and it deserves the time and energy to look at the potential for the building and what would make it successful in the downtown,” Jenny Crittenden said.

Crittenden said that while feasibility studies can all be a little different, the purpose of this study is to determine the highest and best use for the building.  The study itself, Crittenden said, will result in the identification of the most impactful uses, along with architectural conceptions, cost assessments, and business proformas.  “Engaging the community on this project is an important element of this study,” Crittenden said, expecting to have more information on how the community can get involved in coming weeks.

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