Old Orchard Beach in 1986 decided to invest $3.4 million in beautifying the down

Source

Portland Press Herald

Date

7-25-1994

Pages

1A, 8A

Abstract

Old Orchard Beach in 1986 decided to invest $3.4 million in beautifying the downtown district, and borrowed the money with the idea that the additional taxes generated through the improvements would pay off the debt. The total assessed value of properties in the downtown district has dropped from $28.3 million in 1990 to $24.7 million this year, meaning less money is being collected to retire the debt. The brick sidewalks, public restrooms and new sewage-pumping station have contributed to a more family-oriented atmosphere in the town, and new improvements centered around a passenger train station on First Street will add to the revitilization of the downtown. Details.

Subjects

Municipal improvement -- Old Orchard Beach, Old Orchard Beach

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