Advertisement

Sound Off

I heard that the developers of the Downtown 2000 project that involves the property around the city parking garage in the 900 block of New Hampshire Street had to pay a $100,000 fee to the city if the project wasn't substantially completed by last year. Did they ever pay the fee?

Yes. David Corliss, the city's director of legal services, said the development group 9-10 L.C. paid the fee Sept. 15. The fee was required because the city allowed the developers to use tax increment financing as part of the development. The money will be used to help pay off bonds used to build the public parking garage that is part of the development.

Comments

Use the comment form below to begin a discussion about this content.

Commenting has been disabled for this item.