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== Economy == [[File:Plume of Feathers Pub Princetown.jpg|thumb|right|Plume of Feathers public house]] In terms of tourism, Princetown is a popular destination and hub for people traversing the moors, and the sight of large groups of hikers, walkers and cyclists is especially common during the summer months. A bunkhouse and camping facilities are available in the village and there are also a handful of local shops. The Dartmoor Ultra Marathon takes place annually,<ref>{{Cite web|url=http://www.dartmoorhighground.com/dartmoor-ultra-50|title=Dartmoor 50 Trail Ultramarathon Race|access-date=15 November 2019|archive-date=15 November 2019|archive-url=https://web.archive.org/web/20191115164628/http://www.dartmoorhighground.com/dartmoor-ultra-50|url-status=dead}}</ref> as does the charity Tour de Moor cycle race.<ref>{{Cite web|url=https://www.stlukes-hospice.org.uk/tourdemoor/|title = Tour de Moor | St Luke's Hospice Plymouth}}</ref> The annual Dartmoor Classic cycling sportive regularly passes through Princetown, and the Tour of Britain has passed though as it went across Dartmoor<ref>{{Cite web|url=http://www.okehampton-today.co.uk/article.cfm?id=440076&headline=Crowds%20expected%20as%20Tour%20of%20Britain%20comes%20to%20Tavistock,%20Princetown%20and%20Moretonhampstead%20today§ionIs=news&searchyear=2021|title=Crowds expected as Tour of Britain comes to Tavistock, Princetown and Moretonhampstead today|date=6 September 2021|access-date=7 September 2021|archive-date=7 September 2021|archive-url=https://web.archive.org/web/20210907150524/http://www.okehampton-today.co.uk/article.cfm?id=440076&headline=Crowds%20expected%20as%20Tour%20of%20Britain%20comes%20to%20Tavistock,%20Princetown%20and%20Moretonhampstead%20today§ionIs=news&searchyear=2021|url-status=dead}}</ref> Princetown has a brewery which used to be housed in the Prince of Wales pub, but now occupies a modern purpose-built building on the edge of the village, close to the former railway. The other pub is the Plume of Feathers (the Railway Inn β "The Devils Elbow" β closed as a pub in 2009 β now the Ramblers' Rest Guesthouse). In April 2017 the go-ahead was given for the construction of a whisky distillery, which invoked controversy due to the destruction of buildings that this would entail.<ref>{{Cite news |last=Hughes |first=Sam |date=13 April 2017 |title=Princetown whisky distillery plans given the go-ahead by Dartmoor National Park |work=Travistock Times Gazette |url=https://www.tavistock-today.co.uk/article.cfm?id=420292&headline=Princetown%20whisky%20distillery%20plans%20given%20the%20go-ahead%20by%20Dartmoor%20National%20Park§ionIs=news&searchyear=2017 |access-date=30 March 2021 }}{{Dead link|date=February 2023 |bot=InternetArchiveBot |fix-attempted=yes }}</ref> These are the 'Pocket Power Station' (the world's first unmanned power station, demolished in 2021)<ref>{{Cite web|url=https://www.heritagegateway.org.uk/Gateway/Results_Single.aspx?uid=MDV117473&resourceID=104|title = Heritage Gateway β Results}}</ref> and the older power station building that was in use until 1947, and now sits derelict after prior use as a business.<ref>{{Cite web|url=https://www.heritagegateway.org.uk/Gateway/Results_Single.aspx?uid=MDV117463&resourceID=104|title = Heritage Gateway β Results}}</ref><ref>{{Cite news |date=15 February 2017 |title=Princetown distillery plan hits heritage hurdle |work=Travistock Times Gazette |url=https://www.tavistock-today.co.uk/article.cfm?id=418705&headline=Princetown%20distillery%20plan%20hits%20heritage%20hurdle§ionIs=news&searchyear=2017 |access-date=30 March 2021 }}{{Dead link|date=February 2023 |bot=InternetArchiveBot |fix-attempted=yes }}</ref> As of early 2024, the building is near completion. In recent years Princetown has seen the opening of both the Princetown Centre for Creativity in Duchy Square, on the site of the former village supermarket, which closed in 2011 but has now re-opened as the Duchy Square Centre, housing business tenants,<ref>{{Cite news |date=20 June 2016 |title=New lease of life for Duchy Square Centre in Princetown |work=Travistock Times Gazette |url=https://www.tavistock-today.co.uk/article.cfm?id=414407&headline=New%20lease%20of%20life%20for%20Duchy%20Square%20Centre%20in%20Princetown§ionIs=news&searchyear=2016 |access-date=30 March 2021 }}{{Dead link|date=February 2023 |bot=InternetArchiveBot |fix-attempted=yes }}</ref> and a new village community centre opened in 2008, which also houses a GP surgery,<ref>{{Cite web|url=https://www.nhs.uk/Services/GP/Overview/DefaultView.aspx?id=44230|title=Overview β Princetown Surgery β NHS}}{{Dead link|date=July 2023 |bot=InternetArchiveBot |fix-attempted=yes }}</ref> library<ref>{{Cite web|url=https://www.devonlibraries.org.uk/web/arena/princetownlibrary|title = Princetown Library β Devon}}</ref> and pre-school.
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