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Downtown Partnership reports strong restaurant and retail longevity, expands ambassador program
Summary
The Downtown Bangor Partnership reported 55 downtown restaurants, a commercial vacancy rate of 2.4%, above‑average restaurant and retail lifespans, $11,000 raised for beautification and expanded downtown ambassadors with over 2,000 geolocated patrols in the reporting period.
The Downtown Bangor Partnership presented its quarterly report to the committee, highlighting underlying indicators of downtown economic health and programming results.
Partnership staff said downtown contains 55 restaurants in about one square mile. Of restaurants that closed in the past five years, the average lifespan was 12.5 years (above a cited national five‑year benchmark), and currently operating restaurants average 15 years; retail…
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