Published 2 months ago

Limestone residents agree to pursue tax incentives for Loring developers

Summary by Ground News

Loring Commerce Center is a 3,800-acre industrial and commercial park formed after the base closed in 1994. Limestone residents agreed Tuesday that the town should offer tax incentives for current and future developers. The districts will allow Portland-based Green 4 Maine, LLC. and the town to receive portions of the increased tax values.

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Bangor Daily News

Limestone residents agree to pursue tax incentives for Loring developers

LIMESTONE, Maine – As officials try to revitalize the former Loring Air Force Base, Limestone residents agreed Tuesday that the town should offer tax incentives for current and future developers. At a special town meeting held at Limestone Community School, 34 voters authorized the town’s Select Board to create three tax increment financing districts at Loring Commerce Center, the 3,800-acre industrial and commercial park formed after the base c…

2 months ago·Bangor, United States

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