Charlton voters approve $12M tax break for $300M Amazon center
Photo | Screenshot of presentation from Bluewater Property Group
A prototype image of the proposed Amazon facility in Charlton, presented by Bluewater Property Group.
At a special town meeting Monday night, Charlton voters overwhelmingly approved a tax-increment-financing agreement for Amazon to construct a distribution center, Town Administrator Andrew Golas confirmed on Tuesday.
The vote was 269-86 in favor.
The Seattle-based e-commerce giant requested Charlton consider a TIF “due to the considerable amount of local investment and economic opportunity provided by the project,” according to the Town of Charlton’s website.
The project is expected to include a $300-million investment and create 1,000 jobs.
The TIF will start off exempting 55% in the first two years, and decrease to 10% by the end of the 10-year agreement, per the proposed agreement. The agreement is projected to save Amazon about $11.6 million over the 10 years. Between net new real estate, property, and personal property taxes, the Town of Charlton is expecting $65 million in new revenue over the next 20 years.
Valuation of the new facility will be based on the amount completed as of July 1.
In June, the Charlton Board of Selectmen approved a 2.8-million-square-foot robotics sortation warehouse at 53 Sturbridge Road. The project is being developed by Bluewater Property Group, a Pennsylvania-based industrial real estate firm.
Construction is due to start in March, with a goal of completion by July 2023, per the Charlton website.
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