City Eyes Downtown District Bangor Considers Application to Expand Waterfront Potential

Summary

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BANGOR - The city is applying to create a downtown district that would in essence allow tax revenue created by new development to be reinvested there, a project that city leaders say would harness the economic potential of its waterfront.

The Business and Economic Development Committee recommended Wednesday to the City Council that the city create a tax increment financing district to help lure developers to the waterfront.

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City Eyes Downtown District Bangor Considers Application to Expand Waterfront Potential

The council will consider the TIF application at its Monday, Feb. 27 regular meeting, but the plan would need approval ...

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