If the property values go up, our taxes will go up. Some can’t afford this. What is the Town’s plan?

The Town understands that new development in the downtown area will likely increase property values in the affected area. For most residents, this will be a welcome improvement. However, it is also understood that certain residents in the area are on fixed incomes and may be unable to reap the benefits of higher property values. The Town is researching best practices across the country to alleviate this issue. When appropriate, case studies and resources will be added to the website.

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1. Will the Town use eminent domain to take my property?
2. We didn’t know about this redevelopment plan. When did you have public meetings?
3. What is the Town going to do about the potential of displacing residents?
4. If the property values go up, our taxes will go up. Some can’t afford this. What is the Town’s plan?
5. What about the historical structures in the redevelopment area?
6. How is the Town going to help businesses that are impacted?
7. What is the timing of the development plan?
8. How much will the downtown redevelopment cost the Town?
9. How does this project impact the mall with additional retail options?
10. What about parking for the new developments?
11. Is the Town interested in buying my property?