"News" piece on the city of Portland's recent Tax Increment Financing (TIF) agre
"News" piece on the city of Portland's recent Tax Increment Financing (TIF) agreement with Commtel, a Winthrop-based telephone company and Internet service provider that is opening a new facility in downtown Portland. The TIF agreement for Commtel divides almost evenly $9.8 million in taxes: Portland gets $5.5 million, and Commtel gets to keep $4.3 million. But because of a "shelter" agreement with the state that prevents the city from losing state aid because of rising property values, Portland gets $8.7 million. If Portland had denied Commtel's TIF, it would have received only $6.5 million in taxes.
CommTel, High technology, Tax increment financing
Burnett, Lee, ""News" piece on the city of Portland's recent Tax Increment Financing (TIF) agre" (2001). Maine News Index – Maine Times. 5549.
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