Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Council approves tax abatement for 11 Main Street redevelopment despite some opposition
Summary
The council approved a five-year, graduated tax-abatement schedule for TriRington Main Street Development Corporation's completed project at 11 Main Street. The project used state grant funds; the new assessed value rose from roughly $226,000 to $1.475 million.
Torrington city councilors voted Oct. 20 to grant a tax abatement to TriRington Main Street Development Corporation for the recently completed redevelopment at 11 Main Street.
City staff told the council the project started in February 2023 and received state grant funding to repurpose the building into 17 apartments and refurbished commercial spaces. The building received a…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
