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Easthampton City Council OKs tax break for developer at 1 Ferry St. Easthampton Municipal Building GAZETTE FILE PHOTO Modified: 1/7/2021 9:47:29 AM EASTHAMPTON The 1 Ferry Street mill renovation project is a step closer to receiving a 30-year tax break after a City Council vote on Wednesday night. The council’s vote enables Mayor Nicole LaChapelle to send a report on the project back to the state, which must enact its own review and approval. Under the agreement, the One Industrial Lofts, LLC, project will be subject to an alternative tax payment for 30 years, which will create a scheduled rate ultimately resulting in the developer paying less in taxes to the city. ....
Easthampton council takes up tax break for mill project JERREY ROBERTSEasthampton Municipal Building, 50 Payson Avenue GAZETTE FILE PHOTO Published: 1/5/2021 7:53:37 PM EASTHAMPTON Ongoing renovations to 1 Ferry Street, a central piece of the city’s vision to revitalize the mill district, will be discussed at a City Council meeting Wednesday night as officials consider an alternative tax payment for the property’s developer. The project, known as One Industrial Lofts LLC, is under development by Michael Michon, who developed and owns Mill 180 on Pleasant Street. Michon is renovating the vacant mill buildings into a mixed-use complex of 152 residential, commercial and office spaces. ....