The project to rebuild a 140-year-old building damaged by fire in Brattleboro has gotten a boost.
The Brattleboro Selectboard has approved an eight-year tax stabilization agreement with the group of local investors that wants to redevelop Brooks House.
The Brattleboro Reformer reports Bob Stevens, one of the investors, told the board Tuesday while the group was getting closer, the complex deal is not yet done. He said the debt being taken on probably exceeds what the group should be doing.
The tax agreement will save developers about $300,000 during the eight years.
The Brooks House has been vacant since April 2011, when a fire damaged the Main Street landmark.