Stratford approves tax break for brewery expansion, anticipates 300 jobs

Construction has begun on a 368,000-square-foot building at 495 Lordship Blvd. where Athletic Brewing Company plans to have up to 100 new employees, company officials have told the town. Representatives of the property’s owner, Boston-based GFI Partners, have said the site could bring a total of 200 to 300 jobs when fully developed. The building — but not the land itself — will be exempt from property taxes during construction. Once building is complete, property taxes would total about $573,000 a year under the current mill rate. A brief discussion of the tax deal during Monday’s meeting showed a broad consensus of support.

https://www.stamfordadvocate.com/news/article/Stratford-approves-tax-abatement-for-property-16096701.php

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