Earlier this week the Town of Old Saybrook adopted a new Tax Increment Financing (TIF) District for a portion of Route 1 known as Mariner’s Way. The Town envisions a mixed-use area with bike and pedestrian amenities that will complement the Town’s historic Main Street. There are also transit-oriented development (TOD) opportunities by the Saybrook Junction rail stop. The Town is interested in recreational, culinary and educational uses for a large redevelopment parcel and senior living units are desired for a third focus area. You can learn more about the Mariner’s Way Plan here.
CMSC was pleased to assist the Town of Old Saybrook, a CMSC member community, in developing the Mariner’s Way TIF District, helping to draft the Master Plan and gather community input. CMSC is currently assisting the Town of Enfield in developing a TIF District to revitalize the Thompsonville area.