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The Economic Development Commission unanimously tabled a resolution supporting the McLean Meadow Homes project, citing the need for more capacity and guidance before taking a position on development proposals. Members also discussed strengthening the Town’s tax-abatement policy ahead of the 2028 property revaluation.
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The commission did not approve or reject support for the Meadow Homes project. It wants clearer direction on whether and how it should evaluate development proposals, potentially through a cost-benefit analysis or other advisory work. Members also discussed using tax abatements to address potential losses in commercial property value and tax revenue as vacant buildings and the 2028 revaluation affect the tax base.
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