Title

Portland has already created two Tax Increment Financing districts this year, on

Authors

Stephane Fitch

Source

Casco Bay Weekly

Date

5-19-1994

Pages

1, 8-11

Abstract

Portland has already created two Tax Increment Financing districts this year, one for Nichols Portland and another for Longfellow Inc., which is owned by developer Fred Forsley, a part-owner of Shipyard Brewing. Unum Corp. recently asked the city to create a TIF so they can build a new corporate headquarters, and South Portland created one so National Semiconductor could finance a $77 million expansion of its facility. The tax breaks were given with no guarantee that new jobs would be created, leading some to question whether companies are using them merely to cut costs and maximize profits. Details, related articles.

Subjects

Tax increment financing -- Portland

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