June 19, 2018
Business Latest News | Poll Questions | Susan Collins | Tiny House Surprise | Stephen King

Company seeks delay on TIF decision on proposed wind farm

The Associated Press

SKOWHEGAN, Maine — First Wind is asking the Somerset County Commissioners to hold off on deciding whether to form a tax-increment financing district associated with a proposed wind farm in Mayfield Township.
The Morning Sentinel of Waterville says the commissioners are surprised and disappointed with the request on a plan that could have brought millions of dollars for economic development into the region’s Unorganized Territory. Projects could have included things such as a regional bus system, multi-use trails and expansion of broadband access.
Massachusetts-based First Wind’s delay request goes before the commissioners Wednesday.
Establishing a tax-increment financing district would capture increases in property values around the wind development planned by First Wind.

Have feedback? Want to know more? Send us ideas for follow-up stories.

You may also like