Restored in 2006, the Waterbury train station was originally built in 1875 and is the centerpiece of the village square.

Waterbury now prospers as the home for many Vermont state offices and the Green Mountain Coffee Company, which operates a coffee shop in the restored train station.  Located along the train tracks in an earlier time were woolen mills and canning factories, all now gone.  Introduced to Vermont in 1811, sheep raising and sheep farming were prominent in this region but profitability was seriously squeezed by competitive wool markets in other regions of the country.  The climate and rough terrain of Vermont were ideal for raising sheep and many farmers undertook sheep farming as a secondary enterprise.  Since the 1840s dairy farming was generally found to be more profitable as large markets for cheese, butter, and milk were opening in Boston and New York City.  Ben and Jerry's and Cabot are testaments to the enduring strength of the dairy market although significant challenges to small farming operations persist throughout Vermont.  Ben and Jerry's currently produce about 1/3 of its delights at its factory in St. Albans while the Waterbury, VT production and touring center are known as its home.  Visitors love this place, but especially the "flavor of the day"  Sugar, milk, and cream are always promising starting ingredients.

Before Tropical Storm Irene in 2011, the flood of 1927 was the greatest natural disaster in Vermont history and this area was struck hard.  Nine inches of rain in 36 hours added to already swollen rivers coming out of the mountains.  Over the doorway of the Waterbury station, a horizontal strip of wood indicates the highest level floodwaters reached in 1927.  As a result, the railroad lost 54 bridges and 253 miles of track, bankrupting it and leading to its sale to the Canadian National Railroad which owned it until 1995.

Upon leaving the 8th stop of the Vermonter in Waterbury, the train winds through the Winooski River Valley.  The Long Trail which extends 270 miles from Massachusetts to Canada crosses the rail tracks at Jonesville.  Built by the Green Mountain Club between 1920 and 1930, the Long Trail was the oldest long-distance hiking trail in the United States and is the inspiration for the Appalachian Trail.