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Fitchburg approves roughly $9.8M in TIF to unlock mixed‑use 'Fside' development
Summary
The Fitchburg Common Council approved a development agreement for the Fside property using about $9.8 million in tax‑increment financing across two phases; the project is expected to include senior living, multifamily units, single‑family homes and townhomes and has an estimated finished value of roughly $104 million.
The Fitchburg Common Council approved a development agreement that will use about $9.8 million in tax‑increment financing (TIF) to support a mixed‑use infill project on the Fside property along Highway MM (between Highway MM and Highway 14, south of McCoy Road).
City officials and the hosts said the roughly 30‑acre project is planned in two phases and would include a senior living facility, two multifamily apartment buildings, about 30–35 single‑family homes and roughly 40 townhouses. According to the council recap, the city’s analysis — prepared with a public finance advisory firm — found that, without public assistance, the development would likely not be feasible.
The TIF support noted in the recap is approximately $5.5 million in the first phase and about $4.3 million in the second phase, for a combined city contribution of roughly $9.8 million. The hosts said the analysis estimates the completed project would have a total value near $104 million; they presented those numbers as the rationale for public investment and compliance with state statute on TIF support.
The recap also flagged site challenges. The Fside parcel has historically received construction debris used as clean fill to level and grade parts of the site, which the hosts said will create engineering and remediation challenges for the developer.
The development agreement was approved during the meeting. The hosts did not provide roll‑call vote tallies or the names of movers and seconders in the recap. City staff and the developer will proceed with implementation under the terms of the agreement and state TIF rules.
