LIVERMORE FALLS — Selectmen will continue discussion on a proposed tax-increment financing district to improve economic development at 6:30 p.m. Tuesday, Jan. 7, at the Town Office. The board is looking at the possibility of establishing a TIF district to capture some of the new value of Central Maine Power Co.’s $17 million substation upgrade […]
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Posted inFranklin, sj-web
State program could help Livermore Falls make economic investments
LIVERMORE FALLS — Selectmen set several January meetings Monday night for the public’s consideration for an application for tax increment financing that could provide the town with funds to make several economic investments. The action came following a presentation on the program by John Cleveland and Nate Libby of the Auburn consulting firm of Community […]
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Posted inLewiston-Auburn
Auburn creates separate TIF district for new arena
AUBURN — Changes to the city’s tax incentive districts made Monday night will restructure how ice arena property taxes get paid. Councilors voted 5-2 Monday to take Auburn’s new Norway Savings Bank Arena out of a larger tax increment finance district and put it in one of its own. According to the deal, the 8.5 […]
Posted inFranklin, The Franklin Journal
Schedule set on Livermore Falls TIF application process
LIVERMORE FALLS — Selectmen on Monday received an overview of the possibilities of establishing a tax-increment financing district to capture some of the new value of CMP’s $17 million substation upgrade. The type of TIF the town is considering would not benefit Central Maine Power Co. The TIF proposal is still being developed. “We’re on […]
Posted inFranklin, The Franklin Journal
TIF workshop scheduled for Livermore Falls
LIVERMORE FALLS — Selectmen will meet with John Cleveland of Community Dynamics Corp. in December for a workshop on tax-increment financing options for the town related to economic development. The town has a contract with the Auburn firm to develop a TIF application to benefit the town. Cleveland and an associate are gathering information on […]
Posted inFranklin, The Franklin Journal
Auburn company gets nod as consultant
LIVERMORE FALLS — Selectmen voted Monday to go with Community Dynamics Corp. to help develop options and an application for tax-increment financing proposals. The cost would not exceed $10,900. Owner John Cleveland, a state senator from Auburn, has experience with tax-increment financing programs and knows all of the laws, Town Manager Kristal Flagg said. Cleveland’s […]
Posted inLewiston-Auburn
Councilors confident about Pierce Street housing project
LEWISTON — Councilors said they hoped a public housing project proposed for downtown lots where apartment buildings burned on May 3 would make the area better. Volunteers of America Northern New England would bring meals, counseling and financial education to public spaces at their proposed Pierce Place development, Vice President of Business Development Julia Wilcock […]
Posted inBusiness
Opposition forms against tax deal for BIW expansion
BATH — Bath Iron Works is seeking site plan and contract rezoning approvals from the city, and a tax increment financing agreement, to expand and make other improvements. A petition opposing another TIF agreement with BIW attracted nearly 370 signatures at the state Senate District 19 polls Tuesday. BIW wants to build a more than […]
Posted inFranklin, The Franklin Journal
Failed adminstration article to be discussed
LIVERMORE FALLS — Selectmen will discuss on Monday, Aug. 5 how they want to proceed with a two-time failed administration article for the town. They need to bring the article back before voters in some manner. Voters rejected the proposed $197,861 budget for administration in a 32-36 vote at a special town meeting on July […]
Posted inFranklin, The Franklin Journal
Kingfield hears review of TIF uses
KINGFIELD — Selectmen learned more Monday night about the uses of tax revenue generated by Poland Spring Water Co.’s bottling plant. Five years ago, Kingfield designated most of its downtown as a development district, with plans to use taxes from the new Poland Spring plant to assist in that development. In a state-approved financing plan […]