Used to be when a landlord was looking to rehab an apartment building for new tenants, they'd take out a loan or dip into savings.In today's world, however, they go to the City of Rochester and ask city leaders to get taxpayers to help pay for it.The use of 79-E, a statute designed to incentivize investment in the downtown by developers, allows them to buy unimproved buildings and make improvements, but then only pay taxes on the unimproved assessed value for a number of years.In the case of 135...
NEW HAMPSHIRE’S FASTEST GROWING ONLINE NEWSPAPER
A silk purse from a sow's ear?
Feb 20, 2024 at 06:31 am by Harrison
In the case of The Howard or Scenic Salinger or other proposed 79-E commercial/residential properties on South Main and Hanson streets, there is a commercial element. (Courtesy photos)
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The Rochester Voice: Rochester's hometown newspaper - A Chaspensar Watchdog publication
Published daily; Harrison Thorp, editor; Martha T. Soto-Galicia, president
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