Search
 

Town Meeting to Decide Tax Plan for Business Park

MAYNARD, MA-A special town meeting will be held to decide whether a developer can enroll the ailing Metrowest Technology Park property in the state's Tax Increment Financing program. The 55-acre property at 129 Parker St., which was once home to Digital Equipment Corp., is currently vacant.

By Naomi Grossman | Updated on October 26, 2004

MAYNARD, MA-A special town meeting will be held to decide whether a developer can receive special tax incentives that will enable him to revive the ailing Metrowest Technology Park, a 55-acre property at 129 Parker St. A representative of the town tells GlobeSt.com that the developer, John Wolters, wants to enroll the property in the state’s Tax Increment Financing program, which would help him attract tenants by being able to pass on benefits of a tax break.

The three-building park was once home to Digital Equipment Corp. but the computer company left in the 1990s. While the park has had tenants occupy its space over the past few years, it is currently vacant. The town representative says that the tax break requires approval by Town Meeting and then the state must gives its own stamp of approval.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.