The city will be giving Tabacco & Son Builders Inc. a tax abatement for buying 126 Burlington Ave. It formerly housed the Mastrobattisto Inc. construction company. The City Council at its January meeting approved the five-year, 80% property tax abatement for Tabacco. While the city will not be getting that tax revenue, it “will benefit from the new full-time positions associated with Tabacco & Son Builders’ project as well as substantial improvements planned for the site,” he wrote, adding that Tabacco will receive the abatement only when the company receives a certificate of occupancy and commences operations at the new site.
http://www.bristolpress.com/BP-Bristol+News/365740/tabacco-son-builders-inc-are-getting-a-tax-abatement-for-buying-former-mastrobattisto-construction-company-building