Biddeford Downtown Redevelopment

The Project involved Amber taking over responsibility for parking across the downtown area of the City in exchange for parking revenues and a guarantee provided by the City over 25 years. The revenues amortize Amber’s investment in a new parking structure, improvements to local utilities and the provision of funding for a portion of the City’s “RiverWalk” project, a pioneering civic infrastructure project alongside the banks of the Saco River. The provision of this infrastructure unlocked private development projects and contributed substantially to the forecast tax income received by the City.

• Rapidly growing City with strong demographic trends 
• Innovative approach to the provision of civic infrastructure 
• Case study for alternative project delivery methods