One other problem with downtown projects is that they are inherently complicated. Research and experience have shown that success only comes when you have three elements:
1) satisfaction - a successful downtown needs to have a diverse cross-section of venue to satisfy needs and wants - too much specialization can kill - a significant lack can kill too
2) residents - people who actually live in and near the downtown and shop/eat/entertain in the downtown
3) attraction - the downtown needs to be attractive enough to ALSO draw people from outside the downtown
So, I am currently involved with several groups that are working on a few elements resembling both REAL and VIABLE projects for Montpelier: cultural, residential and commercial (need/want).
ArtSpace, First National Building, and Iron Horse Tavern. These projects - when combined - present some awesome opportunities in Montpelier. ArtSpace is the most pressing. I hope to post soon with some updates on how this success is spurring other conversations.