West Main Street / Colony Street Incentive Zone

West Main Street, from Colony intersection to the Southington line: Applicant must be making improvements for office use, retail use, manufacturing use, warehouse, storage or distribution use, information technology, recreational facilities, transportation facilities, and/or residential use.

1. For not more than seven years, provided the cost of such improvements to be constructed is not less than three million dollars, or
2. For not more than two years, provided the cost of such improvements to be constructed is not less than five hundred thousand dollars, or
3. To the extent of not more than fifty per cent of such increased assessment, for not more than three years, provided the cost of such improvements to be constructed is not less than twenty-five thousand dollars.
4. A building on the Adaptive Reuse list is eligible for a tax abatement.