Southgate Place

Just heard there is another ceremony next week. althought they had one last fall??  This is the site of the former City Builders, lets hope they discuss some of these facts:

• 25 rental units-all low mod income against neighborhood opposition
• total cost 8,000,000 or 325,000 per unit
• 7,000,000 are in the form of grants that do not have to paid back as long as you rent to low mod income people during the affordability period
• general contractor and all subs to date are from out of town
• in the end the profits are split between the South Worcester Neighborhood and out of town owners
• EPA money is used that does not have to be paid back since the property was transferred to the non-profit-South Worcester
• believe they used the Mass General Law below to have taxes waived on one parcel that they bought