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Selectmen to review possible LEGO tax abatement under Bradley Development Zone
Summary
The board discussed the Bradley Development Zone program, which can grant eligible businesses an 80% tax abatement for five years; no application has been filed for the LEGO site at 30 Hamilton Road and the board will research opt-out options and the town's historical involvement in the program.
At the Feb. 17 meeting the Board of Selectmen and Assessor John Creed discussed the Bradley Development Zone program and whether the LEGO facility might qualify for an 80% tax abatement over five years.
Assessor John Creed and board members noted that, to date, no application has been filed for a LEGO facility at 30 Hamilton Road; a pre-application was submitted for 41 Hamilton Road. The board asked staff to research the town's involvement with the Bradley Development Zone and to report back on how the program works and what options the town has, including the possibility of opting out of the program.
No formal application, approval, or abatement was recorded at the meeting; the board did not take action to apply for or grant abatements during this session.
