They're dredging the pond between the footbridge & the dam in Tallyrand Park. They've got barriers up & have opened the spillways into the millrace, and the only thing running in the lower bed of Spring Creek is the runoff from the Big Spring. Very odd looking, but I guess they had to do it - the aquatic weeds were over over the surface of the creek in July, and it would just get worse. But it looks like heck for the time being - they've torn up the grass in Tallyrand something fierce, and there's construction rubbish all over the place.
On the other hand, they're also cleaning up the mess from the Bush House ruins. Not sure if they're going to rebuild, or just extend Tallyrand along the site of the old building. At this point, I'd wager "more park". There just isn't that much demand for buildings in downtown Bellefonte - the Bush House had been mostly unoccupied when it burned, anyways.
For that matter, I see that the developer pulled down his sign with the five-story "Academy Heights" condo fantasy on the grounds of the old burned-down Academy slums. It's a season for the end of dreams & the demolition of uncapitalized wishes unfulfilled.
Winter is coming.