"Business Maine: Southern" piece on recent approval of a tax break for developer

    Source

    Mainebiz

    Date

    10-16-2006

    Pages

    9-10

    Abstract

    "Business Maine: Southern" piece on recent approval of a tax break for developers planning to remake the old Lockwood mill complex that includes the former C.F. Hathaway Shirt Co. in Waterville. Under a 25-year tax increment financing plan, the city will refund 75 percent of the development's property taxes to developers Niemann Capital and Paul Boghossian. The tax break, worth nearly $16 million, will be reinvested into the development.

    Subjects

    Taxation Property tax, Economic development, Waterville

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