One project will bring 260 housing units, another 144 units, and both will benefit from tax breaks meant to encourage housing development in Augusta.
tax break
Posted inLocal & State, News
Kmart site developers, citing costs and financing problems, seek bigger tax break
Their proposal under a tax increment financing deal, would more than double the tax revenues that would be returned to the developer to make the project more attractive to secure funds to build it.
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Posted inBusiness, Food & Dining, Local & State, News
How will Trump’s tax breaks on tips affect Maine workers?
Experts weigh in on how this provision of President Trump’s ‘One Big Beautiful Bill’ will work.
Posted inLocal & State, News, Politics
Bipartisan tax break for retirees on the chopping block
A tax deduction on pension income won bipartisan support three years ago, but is now at the center of a partisan battle over tax increases in the proposed two year-budget.
Posted inBusiness, Kennebec Journal, Local & State, News
Augusta councilors approve $2.6 million tax break for proposed downtown riverfront boutique hotel
The plan calls for developing the castle-like Olde Federal Building in downtown Augusta into a destination hotel with a spa, café and rooftop bar.
Posted inBusiness, Kennebec Journal, Local & State, News
Tax break sought to turn historic ‘castle of Augusta’ into boutique hotel
Developers hope to make Olde Federal Building a destination to draw people downtown.