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Downtown Rockville Renovation Project Dead

John Diorio, CEO of First Alliance Lending, told the members of Vernon’s Town Council that he would be rehabbing Amerbelle Mills in lieu of his plan to redevelop Downtown Rockville.  This occurred six months ago but was not widely reported.

There are disagreements over why the Rockville project fell through.  A town official says the current property owners wouldn’t sell.  At least one of the property owners says the landlords were all willing to sell.  A state official says that state government could not provide the large sum of money it would take to make the enormous project economically feasible.

 

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