|Robert Yamin, Jay Lent, and Jim Maloney celebrate the transaction on Thursday .|
Union Savings Bank closed on the old Main Street Police Station as well as two other parcels of city land.
Their intention is to build a new branch for the bank, and when it's completed, return the old branch to back to the Danbury Public Library.
The old police station will be razed, and a new health clinic as well as senior housing will be built on the site.
While the proposed uses are important, what's more important is that a major financial institution located within Danbury is willing to not just talk the talk, but will walk the walk when it comes to downtown redevelopment.
The purchase represents a sign of faith in the Danbury Renaissance Task Force and the work that is being done within the city to spur investment in our urban core. The purchase also represents a firm commitment by the bank to stay in Danbury, and more importantly, stay on Main Street.