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Council schedules public hearing on credit‑enhancement for Addison Capital (Lucas Tree project)

Town Council · November 11, 2025

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Summary

Council set a Nov. 24 public hearing for a proposed credit enhancement agreement tied to Addison Capital’s planned operations at 275 US Route 1 (Lucas Tree). Staff said the project could bring a multi‑year excise‑tax increase and a $2M+ warehouse expansion; the council unanimously set the hearing date.

The council voted unanimously to set a public hearing on Nov. 24 to consider a credit‑enhancement agreement requested by Addison Capital for 275 US Route 1, a site staff said the applicant will use to centralize operations and may expand with a $2 million‑plus warehouse addition.

Town staff described the…

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