Like many other towns in Maine and in the United States, Waterville has seen development in the suburbs and the decline of the downtown area. There have been new businesses and new facilities built by Inland Hospital

on Kennedy Memorial Drive. WalMart, Home Depot, and a small strip mall of other stores have been built in the northern part of the city as part of an open-air shopping center. Because of this growth, the existing and now-neighboring Elm Plaza shopping center has recently had its exterior renovated and filled most or all of its previous vacancies.

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