The city of Caribou and the Maine Department of Transportation are moving forward to study access points that would support development along a state-controlled stretch of Route 1 in the city.
Within that corridor, which runs from the Dow Siding Road to Cary Medical Center, direct access is exclusively determined by the state. That makes it difficult, if not impossible, for many properties, some owned by the city or local developers , to be developed.
In an effort to change that, the City Council has allocated more than $52,000 to a DOT Planning Partnership Initiative study, with 40% funded by Caribou and 60% funded by the state. The DOT estimates a total cost of $131,712.
Caribou’s portion of the bill will be covered by revenue from the tax increment financing district within its R/C