By Joan F. Simoneau, Community Reporter
Marlborough-Mayor Arthur Vigeant would like to expand the number of properties designated for economic development under the provisions of Chapter 43D, a little-known state law that provides grants and incentives for these properties. At the Aug. 24 City Council meeting he asked Councilors to approve the designation of four parcels of land to the list of applicable properties – 15, 17, and 25 East Main St. and 15 Sawin St. The proposal was referred to the Urban Affairs Committee for study.
The city owns the 25 East Main St. property. Owner of the 15 and 17 East Main St. sites is Eastside Realty Trust. The 15 Sawin St. land is under the ownership of 15 Sawin Street, LLC, according to the City Assessor’s office.
The city accepted the state law in 2007 and to date has received $150,000 for its guarantee that when permits are filed for those properties, the city will complete the process in less than 180 days. Locations already approved for the benefits of the statute include part of Hayes Memorial Drive, the intersection of the I-290 connector road and Fitchburg Street, 362 Elm St., next to I-495, and over 13 acres at 417 South St.