Title
Portland has already created two Tax Increment Financing districts this year, on
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
Recommended Citation
Fitch, Stephane, "Portland has already created two Tax Increment Financing districts this year, on" (1994). Maine News Index – Casco Bay Weekly. 361.
https://digitalcommons.portlandlibrary.com/news_cbw/361
https://digitalcommons.portlandlibrary.com/cbw_1994/20/
Source
Casco Bay Weekly