Redding is looking to foreclose on the developer of the former Gilbert and Bennett wire mill site because of unpaid back taxes and overdue payments. The Newstimes reports that the developer owes more than $2.5 million in property taxes. The developer also owes more than $14 million in back taxes.
Despite not paying, the developer has continued to collect rent from tenants including the federal government--which is using some of the iste as a maintenance shop for the nearby Weir Farm National Historical Site.
The master plan for the Georgetown site includes housing, commercial and retail space along with a new train station. The Georgetown Land Development Corporation took over the site in 2002.