Tuesday, March 14th our Town Council will vote to approve issuance of Redevelopment Bonds totaling $57 Million for the financing of One Westfield Place and to enter into 8 Financial Agreements with the developer's LLC entities.

Many residents have asked for peer analysis of the OWP financial projections and the claim that a ~$75 Million tax break to the developer through PILOT is the only way this project is feasible.

We disagree.

When reviewing the financing, OWP is actually not one project, but 8 individual financial agreements for 8 distinct projects with separate LLCs and financing.

Why wouldn't each of these projects be evaluated separately for feasibility with and without the PILOT tax break?

Why would residential development (very profitable and in high demand) require PILOT?

We have crunched the numbers.

 Go here -  https://westfieldadvocates.org/finances  to see the alternate view on the town's feasibility analysis and case for PILOT tax break for OWP, which has been presented to the Mayor and Town Council in advance of the Town Council meeting this Tuesday 3/14.
Check back often for updates. 

If you can, join us at the Town Council meeting today, 3/14 at 8:00PM and get your opinion on the record. 

We will keep you informed of our continued research and next steps.  More frequent updates can be found on our Facebook group. If you haven't joined yet, please do (see link below).

If you have a lawn sign - KEEP IT UP. More are going up everyday, please make a request at our website as they are bringing awareness to our fellow residents.