Town Council Begins Revaluation Updates With Sharp Jump in Home Values—and Worries About What Comes Next

Image
The town assessor cited four examples to the Town Council monday of price gains on Enfield homes since the last revaluation. This home showed the most dramatic increase. The jump may be due to strong demand for lower-priced homes, upgrades made between sales, or a combination of both. The Town Council plans to give regular public updates on the upcoming property revaluation. The first of those updates came last night with a look at how sharply residential property values have increased since the previous revaluation. Enfield is conducting a property revaluation as required by state law. The process will run through 2026, and residents will receive their new assessments in November of that year. Those assessments will apply to the FY28 budget, which takes effect in July 2027. Residential values in Enfield have risen significantly since the 2021 revaluation (See examples below). The concern for town officials is a potential tax shift: if commercial property values have not increased at t...
Post a Comment

MGM is dramatically changing downtown Springfield for the better

MGM casino view from Main Street.  The developers opted for a style in character with surrounding properties. Note the 1940s-style hotel sign.  Red Rose Pizza to the left.


It's not obvious from I-91 that a radical transformation is underway in Springfield's downtown. The view from the highway won't give you a sense of the scale of change. For a better understanding, get off the highway and park near Main Street, and prepare to be wowed. 

Springfield has a lot of older commercial buildings that have survived redevelopment. It's fortunate in this respect. The city has retained an urban feel. It just needs the stores, shops and restaurants to make that happen. 

MGM could have walled off their casino from the city, much like a shopping mall. But they did the exact opposite.

They made this development an integrated part of Springfield's downtown. On the casino side of Main Street, MGM has preserved the facades of the older buildings. This section of Main Street appears unchanged and somewhat true to its period. 

MGM Casino Springfield architecture
Main Street from State. MGM preserved architectural character

MGM kept signage low-key and in character. Its newly installed "Hotel" sign is a real gem that looks like it dates from the 1930s-1950s, which was likely this street's heyday.

This entire area is poised for a major redevelopment. In addition to 3 million square feet in MGM's project development area, many of the store fronts on Main and State streets are now vacant. There's little doubt that these adjoining storefronts will see restaurants and retail.


MGM Casino Springfield, Mass. market entrance
Note the South End Market sign under MGM sign

On State Street, MGM has an entrance with the sign "South End Market." The orientation is to State Street. It was a deliberate design decision inject some retail life on this street.

The casino opens Aug. 24 but it will likely be several years before the full vision for this area takes shape. There are numerous older buildings that can be redeveloped into shops and housing.

Springfield's train station is about a half mile walk from the complex, but the city plans to launch a free bus service, "The Loop" that will connect the various attractions in the downtown area, including the train station.

Springfield and MGM's efforts may turn downtown Springfield into a genuine entertainment district. It may also spur a much broader revitalization of the city's downtown. 
Building at State and Main that seems primed for a new use. 



Comments

Post a Comment