Regional board approves modified Brownfields loan terms for Putnam Block redevelopment
The Wyndham Regional Commission executive board unanimously approved changes to a 2018 $430,000 Brownfields cleanup loan for the Putnam Block in Downtown Bennington: ownership will move to Putnam Block LLC, interest is reduced from 3% to 2%, and the borrower may continue interest-only payments through the 15-year term with a balloon payment at maturity, pending attorney and financial review.
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The Wyndham Regional Commission executive board voted unanimously to approve a package of changes to a 2018 Brownfields cleanup loan for the Putnam Block in downtown Bennington.
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