RVM Coop plans to break ground in March!
(03/12/07) At last night’s member-owner meeting at the Haydenville Congregational Church, the River Valley Market Board announced they have closed on financing to build the River Valley Market cooperative, and will begin store construction this month!
Using a complex financing structure called New Market Tax Credits which involves a broad array of equity lenders (including River Valley Market member-owners) and a mortgage loan from the Bank of Western Massachusetts, they closed the financing on Friday, March 9th 2007.
“Congratulations to all, and thank you for your persistence and faith in this project. We look forward to shopping with you in our new, bright, green, state-of-the-art, locally produced, healthy and organic, community-owned store!” – The River Valley Market Board
What is River Valley Market?
- A food cooperative in Northampton!
- RVM is a consumer-cooperative formed to open and operate a retail grocery store specializing in fresh, local and organically grown foods.
- The co-op will be locating its store at 330 North King Street in Northampton.
- RVM is 100% Member-Owned.
- Everyone is welcome to join as a co-op Member-Owner!
- Visit them on-line at www.rivervalleymarket.coop.
How will the Co-op differ from a regular supermarket?
- The co-op is more than a grocery store, it is an entity committed to enriching our community, our local agriculture and businesses, our earthly environment and our shopper’s personal health. Cooperatives are unique because the same people own, control, and use them, through a shared system of member-ownership. This structure creates a local ownership system for sharing the control and wealth of the organization, based on the values and needs of the membership.
- Our co-op will specialize in locally produced, natural, and organic foods. It will also be built as an LEED certified Green building, with solar power, water reclamation, energy efficiency, daylighting, and more. Looking to the future, we aspire to be a vital part of a larger thriving agricultural center in the valley.
Cooperative Principles include:
- Voluntary and open membership
- Democratic member control
- Member economic participation
- Autonomy and independence
- Education, training, and information
- Cooperation among cooperatives
- Concern for community
Co-op Construction Progress Update
River Valley Market is starting to take shape as the walls and roof are going up! We expect the roof to be completed next week.
Our building is being constructed to be a LEED (Leadership in Energy Efficient Design) certified green building. The LEED-certification process provides a framework of standards and criteria which document environmentally-friendly construction in order to qualify for green building certification. The standards include use of recycled material, local material, non-toxic material, energy efficiency, pollutant reduction, and renewable energy.
The roof and walls have extra insulation for an R-value of 38 on the roof and 22 for the walls, and once we get the building enclosed, it will be extremely well insulated. The Guardian Fiberglass insulation we’re using in the building has been certified to meet low-emitting indoor air quality standards. We’ve been working with the contractors to ensure that all of the materials used inside the store, including the paints, adhesives and sealants, all meet the LEED-certification standards for air quality too.
Look for more co-op construction progress updates soon!
Update from RVM (August 16th, 2007)
Construction Update- The Building is Beginning!
Update from RVM (July 16th, 2007)
Co-op Construction Progress Update
Update from RVM (June 12th, 2007)
Co-op Construction Progress Update June 12th 2007
Recent update from RVM (May 23rd, 2007)
Thursday – 05/17
11:15am – GROUNDBREAKING – The River Valley Market invites the community to bring a shovel and break ground at the old quarry site at 330 North King Street in Northampton, MA, the future home the coop. There will be fresh local food served and special guests. 800.392.3862 [Families] (Free)
I got great news from RVM! Read on …
Click here to see photo.
I love that there will be such a store on the hilltown side of the river!
My family became founding members of RVM in 2003 and have witness all the red tape and hoop jumping the coop has struggled through since that time. We are very excited to learn they will be breaking ground this month. Big thanks to all the folks who have been driving this vision forward.