SalemNews.com, Salem, MA

Local News

November 22, 2012

Building swap could pave way for Rantoul development

Beverly: Trade by developer, group could pave way for Rantoul development

(Continued)

Both the former Press Box and the Casa de Lucca buildings, built in 1886 and 1894, were declared “historically significant” by the Massachusetts Historical Commission in 2008. The commission said both are former railway hotels that reflect a significant period of the city’s history, when the railroad came to Beverly in the 19th century.

The city’s Historic District Commission has the authority to delay demolition of a historic building for one year.

Dellicker said it is not “economically feasible” to restore the Press Box building.

“I would argue that it is well beyond its ability to be saved,” he said. “To be able to save another building (45 Broadway) that was slated to come down is great, and it opens up the site for what I think will be a project that will bring strong economic development to the whole area.”

If Windover does go ahead with its development plans, it will most likely benefit from a newly instituted tax incentive plan approved by the City Council on Monday.

For developers who build residential projects along Rantoul Street near the train station, the council voted to grant a 70 percent break on their property taxes for the first five years and 30 percent for the next five years. Councilors said the plan is designed to revitalize Rantoul Street with residential and retail development.

Windover was in line to be the first recipient of the tax break for its Enterprise apartment project one block down Rantoul Street, but the company decided to build it without the tax break to avoid perceptions of favoritism. That project, which includes 45 apartments in a four-story building at 79 Rantoul St., is scheduled to begin next week with the demolition of the Enterprise car rental building.

At the time he made the deals involving the Park Street and Broadway buildings, Dellicker said, he didn’t know if the tax incentive plan would be approved.

Text Only | Photo Reprints
Local News

AP Video
Plane Crashes in Taiwan, Dozens Feared Dead Republicans Hold a Hearing on IRS Lost Emails Raw: Mourners Gather As MH17 Bodies Transported Robot Parking Valet Creates Stress-free Travel Raw: MH17 Bodies Arrive in Netherlands Raw: Fight Breaks Out in Ukraine Parliament Disabled Veterans Memorial Nearing Completion Last Mass Lynching in U.S. Remains Unsolved Home-sharing Programs Help Seniors Ex-NYC Mayor: US Should Allow Flights to Israel Clinton: "AIDS-Free Generation Within Our Reach" Judge Ponders Overturning Colo. Gay Marriage Ban Airlines Halt Travel to Israel Amid Violence VA Nominee McDonald Goes Before Congress US Official: Most Migrant Children to Be Removed Police Probing Brooklyn Bridge Flag Switch CDC Head Concerned About a Post-antibiotic Era Courts Conflicted Over Healthcare Law Raw: Truck, Train Crash Leads to Fireball
Comments Tracker