ROTTERDAM Golub challenging assessment BY JUSTIN MASON Gazette Reporter Reach Gazette reporter Justin Mason at 395-3113 or jmason@dailygazette.net.
Price Chopper is arguing that its nearly empty former headquarters off Duanesburg Road should be assessed at about 10 percent of its current value, according to a grievance fi led with the town. Assessor John Macejka Jr. said the Golub Corp. maintains that the building is worth about $80,000 since it is no longer being used for offices and will likely be demolished in the future. But until the company levels the building or wins a court challenge, he doesn’t see any reason to lower the assessment. “They’re always free to rent the space,” he said Tuesday during the town’s grievance day. Golub is also disputing the value of several properties it purchased as part of the Dunnsville Road relocation project. The company demolished the residences it purchased on Duanesburg Road so the corridor can eventually be widened as part of a plan to expand warehouse space at its distribution hub. The grocer is among about 100 commercial and residential property owners disputing an assessment with the town. Macejka said the number of grievances is about normal for the town, which hasn’t seen any appreciable rise or decline in property values this year. “For the most part, Rotterdam hasn’t seen any significant drop in value you may see in other parts of the Capital Region,” he said. Many of the usual companies are disputing their assessment. For the fourth consecutive year, the General Electric Co. has contested the value of the 325 acres it owns in Rotterdam. The site is now assessed at $141 million, and GE want it to be assessed at $14.1 million. The owners of Wellington Gardens, an apartment complex built near the town’s sewage treatment plant on Campbell Avenue, are also disputing its assessment. The 64-unit apartment complex is valued at $4.3 million, but the owners are arguing it is worth only $3.8 million. Rotterdam’s equalization rate — the percentage of fair market value the town is assessed at — will remain at 100 percent this year, and the overall value of the town’s taxable property isn’t expected to change much. Rotterdam’s taxable property was valued at about $2.54 billion before the grievance process. Macejka said the town gained about $4 million in value between 2011 and 2012. Macejka said the town’s value also refl ects the elimination of about $2.5 million in assessments from Rotterdam Junction. The hamlet was ravaged by flooding last summer, leaving many of the homes uninhabitable and others destined for demolition. ........................>>>>..........................>>>>......................http://www.dailygazette.net/De.....r01000&AppName=1
While you're at it, look at Curry Road Shopping Center, formerly owned, and currently regulated by Price Chopper. They're part of the reason that eyesore still stands.
Optimists close their eyes and pretend problems are non existent. Better to have open eyes, see the truths, acknowledge the negatives, and speak up for the people rather than the politicos and their rich cronies.
Price Chopper is going to make some MAJOR changes! They clearly need to cut costs.....HOWEVER....wonder how much the Golub's themselves have personally cut?
When the INSANE are running the ASYLUM In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. -- Friedrich Nietzsche
“How fortunate for those in power that people never think.” Adolph Hitler
Logged
inept or corrupt
