BREAKING: College purchases fourth property downtown

The College has recently purchased its fourth building in Waterville. The building at 13-15 Appleton Street, is located in the downtown area nearby the popular student café Selah Tea. The Appleton property purchase follows the high profile purchases of the Levine building, Hains building, and 16-20 Main Street, all of which are staples on Waterville’s Main Street.

According to the City Assessor of Waterville, the value of the land of the properties totals $39,900 and the building value totals $126,200. Historically, Colby has purchased downtown properties at the assessed price.

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13-15 Appleton St.

13-15 Appleton is a centrally located property and includes a lot for downtown parking, increasing Colby’s access to downtown Waterville and the College’s presence in the greater Waterville area. The land purchase and its location aligns with President Greene and Colby’s goal to better college-town relations.

The College has made a concerted effort to help rejuvenate Main Street. Over the past two months, the College has attempted to expand its student presence in the downtown area. In addition to purchasing four buildings downtown, the College has established a student shuttle on weekends, worked to facilitate students volunteering downtown as part of the C2it program, and partnered with local businesses to provide student Jan-plan internship opportunities.

The Echo will continue to update the story as it develops.