HOPKINTON – The Hopkinton Select Board is reviewing the terms of a potential tax incentive for the Open Play Pickleball and Padel Club planned for East Main Street. According to the Hopkinton Independent, the board discussed a draft tax increment financing agreement, commonly known as a TIF, during its meeting on Tuesday.
A TIF allows a new business to pay reduced property tax rates during its early years if the project is deemed to provide a benefit to the community. Any agreement would still need approval from Town Meeting before it could take effect.
