Accommodations and motels which are redeveloped into housing or mixed-use will now qualify for tax incentives.
At its common assembly on Tuesday, council adopted a bylaw offering a revitalization tax exemption that may see the rise in assessed worth of enhancements and property tax will increase following renovations deferred for 10 years.
The bylaw goals to encourage outdated motels and resorts to assist fill the town’s housing wants. It was adopted in a 7-2 vote, with Mayor Ken Christian and Coun. Denis Walsh opposed.
