November 22, 2007

Hanover TIF

We all know the damage that has been done to our commercial tax base, by our dual tax rate system. At the same time there is no way in hell that we will be able change back to a single tax rate overnight in the City of Worcester. This begs the question, how do we re-envigorate the commercial tax base.

Target areas and/or specific buildings for commercial development while offering:

  • waive all permitting fees
  • waive all water and sewer hook-ups
  • freeze assesed valuess for 10 years

If the City of Worcester did this, developers would be attracted to the City of Worcester, increase the commercial tax base and bring us closer to the day where we will again have one tax rate.

1 comment:

Anonymous said...

IMO opinion we need better a 146/Pike/290 connector .......we get a new Walmart and Milbury gets a new Mall ..........

Just watch the dev'ment that will now take place in that area.

Rte 20 strip will be next once it is sewered.

Road Growth always = econ growth.

I hate to say it.... but one thing Worc could hope for is $6/gal gas.........b/c all of a sudden commuting is going to get very, very, expensive