Saturday, October 31, 2020

“The clock has run out on us"

From CommonWealth Magazine we share an article of interest for Franklin:

"THE TOWN OF WEYMOUTH will drop its ongoing legal fight against a controversial natural gas project, and energy giant Enbridge will pay the municipality $10 million as part of a newly reached host community agreement that immediately drew condemnation from opponents of the compressor station.

With the compressor station already built and awaiting permission to advance after recent emergency shutdowns, municipal and company officials announced a joint agreement Friday, ending years of courtroom battles.

Enbridge will pay Weymouth $10 million within 30 days. Town officials said in a press release that the money will go toward a range of public safety, infrastructure, and environmental uses.

The company will also help the town seek changes to the state tax structure in an attempt to avoid a “less favorable property tax structure from being applied to the compressor station upon operation,” the town wrote in a press release. If successful, Weymouth could collect up to $28 million more in property taxes over the next 35 years. "

Continue reading article online

No comments:

Post a Comment