Valley Breeze

The Valley Breeze Pawtucket 09-11-2019

The Valley Breeze Newspapers serving the Northern Rhode Island towns of Cumberland, Lincoln, Woonsocket, Smithfield, North Smithfield, Pawtucket, North Providence, Scituate, Foster, and Glocester

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2 PAWTUCKET SEPTEMBER 11-17, 2019 | VALLEY BREEZE | PAWTUCKET EDITION PAWTUCKET – A first-of-its-kind 20-year tax stabilization agreement between the city and the developer of a $21 million housing project off Freight Street is up for a vote of the City Council tonight, Sept. 11, at 7 p.m. in City Hall. The owner of the property in the area between Freight Street and George Bennett Highway, Freight Realty LLC, is promising a 180- unit residential complex that would bring an extra $700,000 or so in new taxes that the city isn't current- ly receiving by the end of the pact. Current taxes on $487,800 in assessed value for the prop- erty located near Stop & Shop on Cottage Street are $16,814. The tax bill on a project expected to be valued at $20,987,800 would be $723,449 by the end of the deal, according to the proposal before the council. To make the project possible, says developer Ken Zuckerman, he has applied for a 20-year stabilization agreement to begin Dec. 31, 2021, the construction completion date, and continue on for two decades. The Breeze reported last month that the City Council had approved new expanded guidelines allowing more than a 10-year tax treaty in Pawtucket, including 15-year treaties for projects valued at $15 million or more and 20-year treaties for those valued at $20 million or more. That vote was initiated because of the Freight Street project proposed by Zuckerman and Freight Realty. Zuckerman previously told The Breeze he was planning 180 market rate units in three new buildings of four stories apiece. His project is one of five ongoing redevelopments of Pawtucket mill properties, but the only one of those that doesn't involve rehabbing an existing building. The five projects combined represent nearly $75 mil- lion in investment. Officials have said they want to see more of these projects such as the one off Freight Street, which is why they changed the city's struc- ture to allow longer-term tax agree- ments. They note that these projects represent new revenue, so money isn't coming from elsewhere to fund the tax breaks, and will nicely com- plement a coming new commuter rail station. Under the stabilization agreement before the council, taxes would go from $16,814 now to $52,146 in year three, then increasing each year to $10.7 million in year 12, then to $723,449 by year 20. Stabilization agreements phase in new taxes over time instead of accounting for the full value of a new project in year one after it's complete. Huge Freight Street project's tax agreement up for vote By ETHAN SHOREY Valley Breeze Managing Editor Jim and Melissa Brady will perform at Woodlawn Baptist Church PAWTUCKET – Songwriters Jim and Melissa Brady will perform Friday, Sept. 13, at Woodlawn Baptist Church, 337 Lonsdale Ave. The Bradys possess a rich musical heritage that started in a family min- istry and transitioned to the Gospel music stages of our day including the Gaither Homecoming, The Dove Awards, The National Quartet Convention and In Touch with Dr. Charles Stanley. The concert is free. For more information, call 401- 724-6390. Grebien will host community meeting Thursday PAWTUCKET – Mayor Donald Grebien invites residents to his mayor's community meeting this Thursday, Sept. 12, at 6 p.m. at Fallon School, 62 Lincoln Ave. This is an open meeting for city residents and business owners who may have questions or suggestions either for the mayor or department heads. Library invites young readers to sign up for Book Club for Kids PAWTUCKET – The Pawtucket Public Library, 13 Summer St., invites young readers to sign up for its Book Club for Kids program. This month's featured book is "The Last Kids on Earth," by Max Brallier. Copies of the book are available for check-out at Pawtucket Public Library. All readers are invited to attend the book club program on Saturday, Sept. 21, from 11 a.m. to noon. For more information, email jbut- or call 401-725-3714, ext. 209. do you know? You're holding 1 newspaper, but we fill 5 every week! They're all at S STANLEY TREE Since 1986 • Professional High Quality Service At Reasonable Rates • Licensed Arborists • Serving RI & Nearby Mass. • Our Team Of Professionals Is Fully Equipped To Handle Your Job In A Safe Efficient Manner N. Smithfield, Office Hours: Mon.-Fri. 8 a.m.-4 p.m. Affordable Solutions for Your Tree Problems Fully Insured Free Estimates 401-765-4677 Tree Removal Pruning Cabling Brush Mowing Stump Grinding Crane Service Plant Health Care Spraying/Fertilization TREE REMOVAL EXPERTS Affordable Solutions for Your Tree Problems Stump Grinding Plant Health Care Spraying/Fertilization TREE REMOVAL EXPERTS Klibanoff Eye Associates Welcomes Dr. Mona Aoude Klibanoff Now accepting New Patients 55 Broad Street, Pawtucket, RI 401-723-3400 Dr. Klibanoff specializes in primary eye care including comprehensive eye exams, treatment of ocular diseases, glasses and contact lens service, and the pre and post operative management of cataract and LASIK surgery patients. Tuesday and Wednesday 8:30 a.m.-5 p.m.; Thursday 8:30 a.m.-7 p.m.; Friday 8:30 a.m.-5 p.m.; Saturday 7:30 a.m.-12 p.m.; Closed Sunday & Monday PAVING INC. Since 1935 •Asphalt Paving •Seal Coating •Excavating Free estimates Stephen Holmes II 401.722.7790

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