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Colby College Buys 5th Building in Downtown Waterville

WATERVILLE, Maine — A Maine college has purchased its fifth building in downtown Waterville as officials seek to revitalize the heart of the city.

The Morning Sentinel reports Colby College officials purchased a Main Street building located near a building the college bought last summer.

A Colby alumnus and his family recently bought and are renovating two Main Street buildings.

The City Council voted last week to authorize City Manager Michael Roy to begin talks with the college to sell a city-owned lot. The school wants to build a student and faculty dormitory there.

Roy said Tuesday that the city has set a price for the land and submitted it to Colby officials.

The plans are part of Colby’s ongoing effort to redevelop the downtown area with new and refurbished buildings.