$3.5M TIF deal placed on hold; Councilor wants financing review.

• Jurisdiction: United States
• Date: 22 July 2010

Byline: Nick Kotsopoulos

WORCESTER - A city councilor has put the brakes on a recommendation to give the owner of a vacant five-story commercial building on the north end of Main Street a 10-year tax-increment financing deal to help finance $3.5 million in renovations.

District 3 Councilor Paul P. Clancy Jr. Tuesday night exercised his right under the City Council's rules to hold the item until the council's next meeting, saying he wants additional information regarding the total amount of public money involved with this project.

By exercising his "personal privilege" on the item, Mr. Clancy cut off council discussion and delayed a vote on it until Aug. 10.

Mr. Clancy asked for a breakdown on the total amount of property taxes the owner will not have to pay the city during the term of...