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MegadealsSubsidy Tracker Individual Entry
Company: Saxon Partners
Parent Company:
Subsidy Source: local
Location: Maine
City: Lewiston
Address: 10, 35, 37 Avon Street
Project Description: Saxon seeks to build 245 units of market rate housing. TIF funds are needed to make the project economically viable. As of February 2023, Saxon has not raised the funds to move the project forward. Council extended the TIF trigger date by two years. If Saxon is not able to meet their obligation to have the project built and taxable by April 1, 2025, The TIF will be cancelled by the city.
Year: 2020
Subsidy Value: $7,083,921
Program Name: Lewiston: Tax Increment Financing
Awarding Agency: Lewiston Economic & Community Development Department
Type of Subsidy: tax increment financing
Source of Data: Direct from agency; not on web
Notes: Year is FY when TIF District became active. TIF term is 22 years. TIF subsidy value is estimated amount over the whole life of the TIF District.
Source Notes: If an online information source is not working, check the Tracker
inventory page for an updated link.