Title

"Newsreal" piece reporting that the Portland City Council on August 16 voted to

Authors

Source

Casco Bay Weekly

Date

8-18-1994

Pages

6

Abstract

"Newsreal" piece reporting that the Portland City Council on August 16 voted to create a Tax Increment Financing district to help Unum Corp. construct a new office complex on outer Congress Street. Under the terms of the deal, Unum will get back 75 percent of the new taxes generated over the first 15 years, or $10.3 million. After 15 years, the city will get 100 percent of the tax revenues, estimated at $1.2 million annually. Details.

Subjects

Tax increment financing -- Portland, Unum Corporation -- Portland

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