City Councilor Michael Flaherty (at large) wants to cut a break for property owners in Newmarket Square for everything they have to put up with these days.
On Wednesday, Flaherty will ask the council to authorize one of its committees to hold hearing on just how much of a tax abatement they should get. The money would go towards reimbursing Newmarket Square property owners who recently won approval of a plan to levy fees to create a formal "business improvement district," similar to the one in Downtown Crossing, to focus on improving the area's security and cleanliness.
In his formal request, Flaherty sites what he says is the area's descent into decay in recent years:
Residents, business owners and property owners in the Newmarket area have been adversely impacted by the deteriorating conditions of the neighborhood that aren’t accurately reflected in property tax valuation, including declining public safety, cleanliness and quality of life over a number of years
Flaherty says 65 of the Newmarket Business Association's members spent $3.9 million for security last year - and suffered $1.9 million in damages from the area's conditions.