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City considers 20-year tax agreement on Microfibres redevelopment

PAWTUCKET – City officials are considering a 20-year tax stabilization agreement with the developers of a proposed large-scale trucking and distribution center at the former Microfibres building at 1 Moshassuck

Officials approve tax agreement at Lorraine Fabrics building

4/13/2021 Vibrant community planned on both sides of Mineral Spring PAWTUCKET – A newly approved tax agreement with the owner of 593 Mineral Spring Ave. will help him in his goal of creating a vibrant mixed-use community of live-work spaces on both sides of the street at the Lorraine Mills. Jonathan Savage presented his request for a 10-year tax stabilization agreement last week, and the City Council was more than happy to oblige a developer they say has invested more in Pawtucket than anyone else over the past 20 years. When Savage and Tax Assessor Bob Burns are speaking before the council, good things are likely happening, said Council President David Moran, who said he has a lot of respect for and faith in Savage and is “very comfortable” when he and Burns are presenting a proposal, as it’s “always something positive to the city with taxes increasing over time.

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