Salmond and Sylvester Redevelopment Projects

Salmond School

Sylvester School

The Sylvester School Redevelopment Committee released a Request for Proposal on April 18, 2018. The Committee received one bid response from Traggorth Companies, LLC. The proposal is for 29 units to include, studio, one-bedroom, and two-bedroom apartments. Traggorth Companies, LLC in their response included 10 25 could be affordable and they would work with the
Town and Affordable Housing Trust. They also plan to utilize Federal and State Historic Tax Credits as well as other private financing for the project. Traggorth Companies, LLC has proposed one for the 99-year land lease and $300,000 for the purchase of the building. Traggorth Companies, LLC predicted the Town would receive around $70,000 in taxes annually.