Over the weekend we were pleased to notice this article online, and we suspect Augusta taxpayers will especially like the following excerpts:
“The century-old building previously generated no tax revenue for the city, because it was owned by the nonprofit MaineGeneral Medical Center. Nonprofit groups don't have to pay property taxes.
“If investment and development of the property progresses as the developer estimates, at the end of the 20-year agreement, the property would be worth $27.6 million and its annual property tax bill would be around $500,000.
“Mattson has said the building could be home to as many as 1,000 jobs.”