Our fundraising is a new kind of campaign for Burlington – an ambitious, public campaign to create a durable community resource, led by a specially formed non-profit organization. We began laying the groundwork for this major charitable campaign in the spring of 2014 following a year-long competitive process hosted by the Mayor of Burlington. Starting in April 2014, we assessed feasibility through an awareness campaign in the surrounding region. August 2015 marked the true beginning of a one time only, focused twelve month campaign to raise $11M. With one year left to complete this campaign, we need your help to make it possible. You can help right now in two major ways:
Make a meaningful donation online or by check New Moran, Inc. Your check may be addressed and mailed to: New Moran, Inc. PO Box 8502 Burlington, Vermont 05402
Gifts of stock are also accepted and greatly appreciated. For more information please email Charlie directly at: email@example.com.
Build the movement by creating a digital building block and sharing it with your networks via email and social media. Build yours or skip the block building and show your support by making a quick donation.
There will be adequate walkable parking to support the daily, non‐event functions of the building. The event demand of the Turbine Hall will be met via shared parking agreements with southern waterfront lots, nearby hotel parking garages, and through increased waterfront shuttle services.
In March 2014, the New Moran proposal was approved by 70% of Burlington voters for a $6.3M allocation of City Tax Increment Financing (TIF). TIF is a public financing method that uses projected future tax gains to catalyze current investment in public infrastructure. It is a tool for community and economic development projects which does not result in an increase in taxes.
NMTC provide a source of upfront capital to redevelopment projects in low-income areas. This capital is not tied to the cash flow of the project. Investors purchase credits allocated to a given project, thereby financing the project while providing a reduction in a their federal tax liability.
Historic Tax Credits are a state and federal funding mechanism used to support the rehabilitation of certified historic structures as determined by the the National Park Service. Investors purchase credits allocated to a given project, thereby sponsoring the project while providing a reduction in a their federal tax liability.
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Our small team came together in 2013 around the vision of a redeveloped Moran Plant and the vibrant year-round waterfront it would create. With heavy hearts, we will no longer be pursuing that vision with the City of Burlington.
We submitted our final proposal in December 2016 with the support of two outstanding building tenants, numerous program partners, hundreds of donors, and an award-winning professional team bolstered by a national leader in challenging redevelopment projects. The proposal earned clear support from the business, nonprofit and philanthropic communities, and while we are deeply disappointed in the outcome, we are unequivocally grateful to the hundreds of community members who have worked, volunteered and donated over the last four years in the interest of bettering the place we call home.
You may be looking for answers as to what happened and what could have gone differently. Over the months ahead, we will be working to understand and answer those questions, preserve the wealth of materials and knowledge created throughout the project, and distill the lessons we learned into a productive, forward-looking format. For now, our plans, designs, content and documentation will be available here at moranplant.org.
At every step of the way, this project demonstrated the people of Burlington’s capacity for unrivaled collaboration and creativity — and it proved the public’s commitment to preserving places that inspire and unite us. To those who contributed, thank you — thank you for your vision, remarkable patience, and belief in our community.