As part of that effort, the developers are asking the City Council to approve an ordinance that would exempt the project from property taxes for three years. Starting in the fourth year of the agreement, the project owners would pay 11 percent of the total taxes due, with the amount then going up by 11 percentage points a year until year 12, when 95 percent of the taxes would be due, followed by full taxation after that.
Though the City Council is a vote away from enacting a tax-treaty process for developers in the Route 195 corridor that doesn’t need council approval, for the rest of the city, the old rules, which include public hearings and multiple council votes, still apply.
Though the Fogarty Building’s destruction has been contemplated many times over the last several years — Procaccianti took out a demolition permit in 2011 but didn’t use it — the Fogarty Building has had its defenders. It is one of the city’s few surviving examples of the “brutalist” architectural style, which features exposed concrete and angular, fortress-like designs. The name comes from the French word for raw concrete, not physical brutality.
This morning, the Procaccianti owned Old Public Safety Building Memorial Parking Lot™ has site fencing covering most of it, I don’t know why.[alert type=”muted”]