Doug Nedde started renovations in spring 2020 on the 95,000 SF People's United Bank Building. It will be repurposed as 50 mix income apartments and a smaller, modern Vermont headquarters for People's United Bank. The newly renovated building will be fitted with environmentally friendly exterior insulation, windows, heating, and air conditioning systems. A 100 KW solar array will be installed on the roof. This building will significantly contribute to the downtown economy.