Tax deals approved for Table Talk, Armory St. in South Worcester
By Nick Kotsopoulos
Telegram & Gazette Staff
WORCESTER – The City Council Economic Development Committee Tuesday night endorsed a pair of tax-relief deals to facilitate the private redevelopment of three city-owned parcels in the South Worcester Industrial Park, including construction of a 50,000-square-foot industrial building for Table Talk Pies.
By a unanimous vote, the three-member committee approved a tax-increment financing deal for the redevelopment of parcels at 25 Southgate St. and 17 Southgate Place, which is where the $4.6 million Table Talk building will be constructed.
Table Talk will lease the building from the developer, Chacharone Properties LLC.
The committee also approved a so-called TIF agreement for a parcel at 65 Armory St., where the developer plans to construct an 8,000-square-foot building that will be marketed for lease.
Chacharone Properties is acquiring all three parcels from the city.
Approval of the tax-relief deals is considered key to the redevelopment of the properties. The committee’s recommendations will next go before the entire City Council for final approval.
