Approved Project:
- 35 Single Family (4 Bedrooms)
- 200,000 sq. ft. of Commercial uses
- 250,000 sq. ft. of Retail and Commercial uses
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Proposal:
- 35 Condos (2 & 3 Bedrooms)
- 180 Age-Restricted Homes to include 18 affordable
- 250,000 sq. ft. of Retail and Commercial uses
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Hopkinton Benefits
Town Payments & Tax Revenue
- $1.8 Million in payments to the Town
- $750,000 for development of Town-wide trail network
- $750,000 for Downtown Improvements
- $360,000 for public safety agencies and infrastructure
- Over $1,500,000 in net annual positive fiscal benefit compared to $160,000 net annual positive fiscal benefit from the 200,000 sq. ft. of commercial development being replaced
- Over $15,000,000 in net positive fiscal benefit over 10 years
- Over $3,000 in savings per household over 10 years
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Less Traffic
- 74% less traffic than would occur with the approved commercial development
- 83% less morning peak hour trips than would occur with the approved commercial development
- 82% less evening peak hour trips than would occur with the approved commercial development
40 Fewer School Aged Children (from approved plan). Result of replacing 35 four-bedroom single family homes with 35 two and three bedroom condos
500 Acres of Open Space with Walking Trails to remain
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