Waterville’s Seton Hospital Is Being Repurposed

For years Seton hospital has been a key medical facility in the Central Maine area. However, since it's closure it has left councilors and residents alike wondering what could be done with the vacant property. Well, you don't have to wonder anymore.

Waterville City Council has voted unanimously to provide an $11 million redevelopment project, part of a tax increment plan, to convert the building into 50 one and two bedroom apartments, commercial offices and warehouse storage space.

According to Central Maine Online,

The Planning Board would recommend the zoning change to the council, which would make a final decision.

Developer Tom Siegel, of RME Property Consultants, of Topsham, plans to build 50 one- and two-bedroom apartments in the building’s six-story tower, and most of the units would be two-bedroom. The ground level will accommodate 23,000 square feet of office space; and the lower level, 35,000 square feet of warehouse and storage space.

Tuesday’s vote on the tax district and plan was the second and final vote. The council took a first vote May 3 to approve the TIF district and redevelopment plan.

The TIF will enable property owner Kevin Mattson, managing partner in Waterville Redevelopment Corp., to pay taxes on the property and receive some of that money back as reimbursement. The TIF will be for 20 years, with about a 50 percent reimbursement rate over that period.

It's no wonder the renovation was approved unanimously. We will keep you up to date with developments and news regarding the Seton Hospital renovations.