Lowell hopes to spark interest in downtown

2012-12-16T19:32:00Z 2012-12-16T20:11:29Z Lowell hopes to spark interest in downtownMelanie Csepiga Times Correspondent nwitimes.com
December 16, 2012 7:32 pm  • 

LOWELL | The Lowell Town Council has created a carrot its members hope will encourage new interest in the downtown district.

As recommended by the Lowell Redevelopment Commission, the council recently established a Designated Downtown Area in which potential investors will be eligible for a tax break.

With Fremont Street as its eastern boundary, the area covers nearly 14 acres and reaches south to the CSX Railway track at Oakley Avenue.

Town Attorney Gregory Sobkowski said earlier the area is a subset of the town's current tax abatement area. It will specifically allow for enhanced tax breaks for those developing or redeveloping vacant properties within the area.

Like many downtown districts, Lowell's has struggled with empty storefronts in its one-block space. Some of the buildings are of historic interest and compelling architecture and are so designated.

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