Vacancy Registry Could be Good for Business

 May/June 2024, Newsletter, Town Committee Meetings  Comments Off on Vacancy Registry Could be Good for Business
Apr 292024
 
Vacancy Registry Could be Good for Business

By Paul Joy and Taylor Yates One of the key issues that both the Vision 21 Implementation Committee and the Economic Development Committees grapple with is the long-term vacant storefronts in our vital commercial areas: Belmont Center and Cushing Square. Our committees are asked constantly about what Belmont should be doing to address these issues and drive down the vacancy rates in places like Leonard Street, which was reported to have a 20% vacancy rate by the Belmont Center Business Association. Large vacancies such as the old CVS space continue to languish as well. We agree that the situation here [READ MORE]

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Reflections on “Belmont’s Fiscal Cliff”

 Newsletter, Sept/Oct 2022  Comments Off on Reflections on “Belmont’s Fiscal Cliff”
Sep 092022
 

By Vincent Stanton, Jr. Although “Belmont’s Looming Fiscal Cliff” makes several important points about Belmont’s tax base, some of the details should be clarified for BCF readers.  Lexington and Watertown have both recently raised taxes, largely driven by the construction of new schools. Lexington’s most recent tax increase was in June 2022, when voters approved a debt exclusion to fund a $35.2 million new police station. The average tax bill is expected to increase by $258/year in the first year. Previously, in December 2017, Lexington voters approved debt exclusions for two new schools and a new fire station with an [READ MORE]

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