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Newport’s ‘Pit’ Finally Gets a Future | Burlington News
Newport’s long-neglected “pit” is finally getting a second chance—thanks to a $1.1 million buyout by the Northeastern Vermont Development Association, set to close by October. Once owned by an EB-5 scandal, this downtown block is now officially renamed the “Newport Development Block,” poised to become the cornerstone of the city’s ambitious 15-year plan for housing, hotels, and commercial spaces. With state grants funding cleanup and a federal judge’s approval needed, construction could begin as early as 2028. This deal not only revitalizes downtown but also closes a decades-old fraud case…
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