Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
TIF board recommends 460 Globe Street mill conversion; approval contingent on buyer
Summary
The Fall River City TIF Board voted 4-0 to recommend a 10-year tax-increment agreement for the conversion of the historic Globe Street Mill at 460 Globe Street into 89 market-rate apartments, with the recommendation contingent on Masscan Capital completing purchase of the property.
The Fall River City Tax Increment Financing (TIF) Board on April 8 voted 4-0 to recommend a tax-increment financing agreement for the conversion of the former Globe Street Mill at 460 Globe Street into 89 market-rate rental units, with the board making its recommendation contingent on Masscan Capital LLC acquiring the property.
The board’s recommendation covers a 10-year TIF with an 80% exemption for the first five years and a 20% exemption for years six through ten. The developer, Masscan Capital, described the proposal as an adaptive reuse of a historically designated mill…
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
