US EditionCouncil asked to Consider Tax break for Portion of Suffolk Downs Project
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Council asked to Consider Tax break for Portion of Suffolk Downs Project
By Adam Swift City leaders are negotiating a tax break for the developer of the Suffolk Downs development that they say could kickstart construction on the site. The mayor and the director of planning and community development brought the potential deal for a Tax Increment Exemption (TIE) before the city council Monday night. The proposed 15-year agreement would mean a total tax break of about $15 million for HYM Development for its Portico high…
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