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Issue · Lawrence, MA

TIF Agreement for 470 Broadway Redevelopment

8.2M project with 30 housing units approved on 6-3 vote amid equity concerns over past TIF distribution.

Overview

Council approved Tax Increment Financing for RGLLC project after updated costs and job/housing projections. Speakers noted long-standing complaints about uneven geographic benefits.

Arguments in favor
Creates 30 housing units and 25 jobs in north Lawrence.
city-council 2026-04-07
For
Arguments against
TIFs have historically benefited only one side of the city.
city-council 2026-04-07
Against
Where it was discussed
Meetings that took up this issue.
City Council
2026-04-07
Meeting →
tifredevelopmentguzman