A 176-year-old jewelry store is closing in Burlington, Vermont, as the city gets ready to vote on a downtown redevelopment project.

Kent Wood, owner of Fremeau's Jewelers in the downtown area, tells MyNBC5 that he's retiring. His parents bought the store from the Fremeau family in the 1950s. He says there's no one to keep the business going.

Mayor Miro Weinberger has been pushing for four ballot issues in November, two of which would affect zoning and tax-increment financing in a makeover for a three-block downtown area.