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Rangeley voters designate downtowns as tax increment financing districts

The economic development agreement is anticipated to continue revitalization and improvements for Rangeley and Oquossoc.

Rangeley voters to consider designating downtowns as tax increment financing districts

Read Article RANGELEY Voters on Tuesday will consider designating the Rangeley and Oquossoc villages as a tax increment financing district to continue revitalization and improve growth. Polls will be open from 8 a.m. to 8 p.m. at the Town Office. The proposed district encompasses nearly 678 acres. If approved by voters and the state, the 30-year agreement would go into effect July 1. The agreement is expected to give the town options to continue revitalization of the area and improvements for growth in the downtowns. All improvements would be in line with the Rangeley and Oquossoc Downtown Revitalization Action Plan, which the Board of Selectmen adopted in 2019. It identifies action items to preserve historic character, enhance Main Street, improve pedestrian and vehicular access, encourage a sustainable year-round economy, and upgrade parking, utilities, broadband, and cellular services, according to a news release on the town website, townofrangeley.com.

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