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Select Board narrowly approves $300,000 in TIF funds for Dow Road–Route 3A intersection after heated debate
Summary
Attorney Ari Pollock and developer Peter Levine asked the board to use TIF funds for a state-permitted intersection upgrade. After questions about available TIF balances, bidding and precedent, the board approved an amended motion directing an RFP and up to $300,000 in TIF support on a 3–2 vote (Selectwoman Brennan and Colby opposed).
The Bow Select Board voted 3–2 to commit up to $300,000 from the town’s business-corridor tax-increment financing (TIF) district toward improvements at the intersection of Dow Road and Route 3A, after a lengthy presentation and robust debate.
Attorney Ari Pollock, representing the applicant, summarized the proposal and tax impact. “At full build out, the park will have 33 developed acres, 10 constructed and occupied tenant buildings, and have an estimated assessed value of over $16,000,000,” Pollock said, and noted the town holds permit number 3460 (issued Oct. 29) authorizing the intersection work. Pollock said the project’s cost…
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