Wednesday, March 11, 2020

Brockton politicians push tax break for Westgate Mall

The Enterprise
In exchange for a commitment to create jobs in Brockton, city officials are providing a tax break to the Westgate Mall.

The company behind the Westgate Mall is seeking a tax increment financing agreement with the city, exempting the business from most of the property taxes it would otherwise pay on new value assessed at the mall from fiscal 2021 through 2030. Over the course of the 10-year deal, the Westgate Mall would save an estimated $2,098,797 in property taxes, according to a copy of the agreement.. . . more