The town council has approved a $1.4 million tax abatement to aid a developer looking to build apartments on the Silas Deane Highway.
The former Fun Zone property at 1178 Silas Deane Highway, which has been vacant for 20 years, was earmarked in the town’s master plan for redevelopment.
“We were looking for a high profile project and this couldn’t be any more high profile,” Town Planner Peter Gillespie said. “It satisfies a housing demand in the community. It takes a blighted property and converts it into a positive, tax generating property.”
The six-year tax abatement was approved 8-0 by the council Monday night, with Councilman Mike Hurley abstaining.