March 29, 2024
BANGOR DAILY NEWS (BANGOR, MAINE

Fairfield firm seeks tax help> Food warehouse asks council for TIF status

FAIRFIELD — Faced with massive renovation costs, the new owners of the former Horizon Foods Warehouse on Route 201 are asking the Town Council to reconsider an earlier decision to wait until May for voter approval for creation of a tax increment financing district. A TIF district would help them finance their rebuilding of the warehouse.

A special council meeting is set for 9 a.m. today regarding a request of M&M Associates for a TIF. According to Town Manager Terry York, M&M made a similar request earlier this month. She said the council voted to wait until the annual town meeting next May to make a decision. However, M&M Associates thought they couldn’t wait that long, said York, and are asking the council to reconsider.

William McKay and Jerry Millett are the two investors that formed M&M earlier this year and purchased the dilapidated, dangerous warehouse on Route 201. A projected $750,000 renovation prompted town officials to begin discussing a TIF district. With a TIF agreement developers can put money that would have been spent on taxes back into renovating the building. TIF districts are common in industrial parks and commercial areas of many Maine communities.

For years, Fairfield has been trying to recoup more than $25,000 in back taxes on the abandoned building. The former owners, Complex Investments in Waterville, faced foreclosure and Cadle Co. of Connecticut, a company that specializes in purchasing foreclosed properties, sold the facility to M&M.


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