CUMBERLAND — A developer is moving forward with plans to build a home for seniors with memory impairment and dementia after the project received a tax break from the Cumberland Town Council.
The council voted unanimously last week to approve an agreement to reduce real estate taxes for the residential care center proposed by FMC Development by 50 percent for the next 20 years, up to a maximum of $500,000.
The company plans to build a 12-unit residence to care for adults with memory impairment and dementia on an empty lot on Route 1. The house will include gardens and walking paths for residents.
Lynn Peel, a partner in the venture, said the area was attractive because of its proximity to the interstate and because of the financial incentives provided by the town.
The building site is within one of Cumberland’s Tax Increment Financing districts, zones that shelter tax revenue from new developments and direct that revenue to economic development projects or return it to developers in the form of tax breaks.
Peel said her company plans to break ground on the project in June and open in early 2017.
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