TIF request fast tracked
Skowhegan residents have pushed up the date of a special town meeting to consider a tax increment financing deal deemed critical to the construction of a natural gas pipeline through central Maine.
Originally slated for a June vote, the TIF will now be considered at a special February town meeting to accommodate developer Kennebec Valley Gas Co.’s construction timeline, according to the Morning Sentinel. Selectmen voted to move the date after a presentation from the developer indicated the company has to present a financing plan to state regulators before it can win approval from the Maine Public Utilities Commission and begin ordering parts for the project.
The pipeline, which would run through 12 central Maine towns if approved, would deliver natural gas over a 56-mile route. Kennebec Valley Gas Co. has already secured TIFs from three towns and expects approval from two others. Madison and Farmingdale have voted against issuing TIFs, and the other towns have not weighed in yet.
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