The municipal budget anticipates more than $2.5 million in revenue from Payments In Lieu Of Taxes (PILOT), thanks in part to two new developments coming online and a new state law requiring a contribution from local hospitals.
Continue reading A closer look at PILOT revenue in 2022 budget
The Monroe Street extension is expected to be closed for a few days in the next month or two so that a communications line can be installed between the two buildings of The Mint.
Continue reading Monroe St. to close for work related to The Mint
About one in five downtown storefronts is vacant but “there does not appear to be a defined pattern of vacancy,” according to the downtown strategic plan.
Continue reading Downtown strategic plan: Vacant and underutilized properties
The 108-unit second phase of a two-building development downtown has begun construction with a completion timeline of 2023.
Continue reading Phase two of The Mint under way, targets 2023
The Planning Board approved minor changes to the second phase of The Mint, which would add an additional unit and another four parking spaces to the downtown project.
The second phase of The Mint will rise to six stories and the building will be extended to accommodate another 16 units, among other changes approved by the Planning Board on Tuesday night.
Continue reading Planning Board OKs tweaks to The Mint-North
Developers have submitted plans to the Planning Board for the second phase of the Dornoch II development downtown.
Payments In Lieu Of Taxes (PILOT) are anticipated to account for $1.385 million in the 2020 municipal budget.