VRMA Administrator
About 95 percent of roughly 2,200 short-term rentals (STRs) in Nantucket, Mass., listed on public web sites would be outlawed (at least initially) and the town would lose millions in tax revenue each year if voters approve Article 60 at next month’s Town Meeting, according to a new study released by the University of Massachusetts Amherst’s Donahue Institute. The study was commissioned and paid for by The Alliance to Protect Nantucket’s Economy, an entity created by The Copley Group, a company which owns and operates 12 STR properties on the island. Article 60 is a citizen petition put forward by Emmy Kilvert. Proponents define it as "a zoning amendment that legalizes STRs in residential neighborhoods under one simple condition: STR use must be less than residential use. (Residential use means any use by the owner for any length of time or any rental longer than 31 days). Long-term rentals (>31 days) by homeowners or commercial interests are not affected. Prohibits strictly commercial STR businesses in residential districts.”
Nantucket Current (04/20/23) Jason Graziadei
