Proposed hotel in Washington Square gets $2M tax break
Photo | TMS Aerial Solutions
A Hilton hotel is proposed for a vacant parcel on Washington Square in Worcester, across Front Street from Union Station.
A proposed 105-room Hilton hotel in Worcester's Washington Square was approved by the state Wednesday for a $2.1-million tax break.
The approval from the Massachusetts Economic Assistance Coordinating Council affirms the city's proposed 10-year tax break for the project, and adds another incentive: investment tax credits totaling $262,500. The six-story hotel is projected to cost $21.8 million.
The council also approved the first project in an incentive program meant to encourage the use of empty storefronts. The first recipient, which received $10,000 in refundable tax credits, is Urban Fork Kitchen & Market, which the Economic Assistance Coordinating Council said will act as a culinary incubator with the ability to launch restaurant ventures.
Urban Fork also plans to offer take-out alternatives, which the state said will increase pedestrian traffic in downtown Fitchburg.
The council also approved Webster, along with Fall River, as new participants in the empty storefront incentive program. Worcester, Framingham and Marlborough are also participants.
The proposed Washington Square hotel in Worcester is proposed by Fall River-based Karam Management, which opened the Homewood Suites across Summer Street in 2017. It is slated to include a pool, fitness center, meeting room space and a parking garage.
The hotel would be built in a vacant parcel of land between the Washington Square rotary and the elevated train tracks that pass over Front Street. The city sold the parcel to Karam in April for $400,000.
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