List of properties on State St that pay absolutely no property taxes.
9 State St - YMCA - $3,962,300 12 State st - Park - $29,100 131 State St - Girl Scouts $625,000 201 State st - city took the $462,600 property for $0 216 State St - City I. D. A.- $972,600 238 State St - Schdy - $10,900 240 State St - Schdy - $55,900 248 State St - Schdy -$23,000 307 State St - metroplex - $8,700 311 State St - metroplex - $10,900 325 State St - Capital Dist Reg OTB Corp 510 Smith St Schenectady NY 12305 - $1,381,900 401 State St - Assoc Lll Schenectady P.O. Box 98 Guilderland Center NY 12085 sold for $300,000 Assessed at $2,891,720 fully tax exempt 409 State St - Albany Ventures Inc -------------695 Rotterdam Industrial Park Schenectady NY 12306 - $1,279,500 411 State St - 411 State Street Acquistion 695 Rotterdam Industrial Park Schenectady NY 12306 - $3,037,267 416 State St - City IDA 12 Century Hill Dr Latham NY 12110 - $1,311,100 430 State St - PT Redevelopment LLC(Proctor's Theater) assessed at $100 valued unknown 432 State St - PT Redevelopment LLC(Proctor's Theater) assessed at $100 valued at $19,318,711 433 State St - Development at City Center LLC 645 Rotterdam Industrial Park Schenectady NY 12306 - $13,317,500 436 State St - Arts Center & Theatre of Schdy - Formerly Key Bank, Now owned by Proctors - $538,900 440 State St - Arts Center & Theater of Schdy - $1,092,000 447 State St - Bombers Real Estate LLC 258 lark St Albany NY 12210 purchased for $500,000 valued at $774,500 fully exempt 508 State St - Schenectady Metroplex Auth. - $475,000 519 State St - Schdy - $283,400 601 State St - First United Methodist Church - $3,021,100 615 State St - County I. D. A. (Mvp Gar)P.O. Box 98 Guilderland Ctr NY 12085 - $5,390,000
Total(does not count govt buildings) $59,181,598
First question, the city IDA is in Latham?
The County IDA is in Guilderland?
Bomber's is tax exempt?
Galesi Group Corporate Offices, 695 Rotterdam Industrial Park, Schenectady, NY 12306
List of properties on State St that pay absolutely no property taxes.
9 State St - YMCA - $3,962,300 12 State st - Park - $29,100 131 State St - Girl Scouts $625,000 201 State st - city took the $462,600 property for $0 216 State St - City I. D. A.- $972,600 238 State St - Schdy - $10,900 240 State St - Schdy - $55,900 248 State St - Schdy -$23,000 307 State St - metroplex - $8,700 311 State St - metroplex - $10,900 325 State St - Capital Dist Reg OTB Corp 510 Smith St Schenectady NY 12305 - $1,381,900 401 State St - Assoc Lll Schenectady P.O. Box 98 Guilderland Center NY 12085 sold for $300,000 Assessed at $2,891,720 fully tax exempt 409 State St - Albany Ventures Inc -------------695 Rotterdam Industrial Park Schenectady NY 12306 - $1,279,500 411 State St - 411 State Street Acquistion 695 Rotterdam Industrial Park Schenectady NY 12306 - $3,037,267 416 State St - City IDA 12 Century Hill Dr Latham NY 12110 - $1,311,100 430 State St - PT Redevelopment LLC(Proctor's Theater) assessed at $100 valued unknown 432 State St - PT Redevelopment LLC(Proctor's Theater) assessed at $100 valued at $19,318,711 433 State St - Development at City Center LLC 645 Rotterdam Industrial Park Schenectady NY 12306 - $13,317,500 436 State St - Arts Center & Theatre of Schdy - Formerly Key Bank, Now owned by Proctors - $538,900 440 State St - Arts Center & Theater of Schdy - $1,092,000 447 State St - Bombers Real Estate LLC 258 lark St Albany NY 12210 purchased for $500,000 valued at $774,500 fully exempt 508 State St - Schenectady Metroplex Auth. - $475,000 519 State St - Schdy - $283,400 601 State St - First United Methodist Church - $3,021,100 615 State St - County I. D. A. (Mvp Gar)P.O. Box 98 Guilderland Ctr NY 12085 - $5,390,000
Total(does not count govt buildings) $59,181,598
First question, the city IDA is in Latham?
The County IDA is in Guilderland?
Bomber's is tax exempt?
Galesi Group Corporate Offices, 695 Rotterdam Industrial Park, Schenectady, NY 12306
59 million dollars of exempt properties.
In 3 blocks. OMG!
YES! Bombers IS tax exempt!!!!!!!!!!!
NOW! Go "get" the properties off State St proper. Villa Italia is tax exempt. Marcella's appliances. Villa Itallia moves WITHIN Schdy Co and merely moves it's EXISTING employees to the downtown location and in doing so becomes tax exempt. Marcella's moves a few blocks and moves it's EXISTING employees to the new location and in doing so becomes tax exempt. Check other properties downtown.
While tax exempt, I'd leave off churches and an organization like girl scouts. They provide charitable services to the poor. Have yet to see fat Morris and his tens of millions of taxpayer dollars put on a free Thanksgiving dinner on Proctor's property hosted by his lavish catering hall which could have pumpkin and apple pies donated by the tax exempt Villa Italia, beverage perhaps by the tax exempt restaurants, dinner cooked on appliances from Marcellas, etc. And the owners of these tax exempt businesses should be required to work at the dinner - like the volunteers who do that dinner in Albany. These tax exempt businesses downtown don't do diddly squat for the poor.
Lastly, take this all to Greg Floyd at Ch 6. And make sure that while the city will say "oh, but they pay a pilot. I'll tell you, what meager pilot they pay doesn't come anywhere remotely close to what they would pay if they paid full taxes. And we must remember too, that they did not have to pay for the full cost of their properties either. I mean, did you hear McC last night. He was responding to I think it was Vince Riggi who was concerned about the over zealous code enforcement going after financially struggling homeowners who were cited for minor peeling paint. McC said during the meeting that the city "will work with the owners." Such TOTAL BS!!!!!!!!!!!!! What, they'll give them 60days instead of 30 days to correct the violations? McC has absolutely no problem whatsoever with handing out taxpayer money to fund the repairs, renovations, rebuilding of places for downtown owned millionaires and billionaires for whom the cost of paying in the entirety themselves would still be a drop in the bucket. But financially struggling homeowners, incomes typically $30,000, McC and his dems can come roaring in on them, charge them $6,000 a year in taxes, cause their home values to plummet making them unable to sell their homes, and then have the nerve to order them to spend $5,000 or so to paint their homes!!!!!!! But to he wealthy and/or pollitically connected buddies, fine, steal from the financially struggling homeowners. Raise the taxes on the homeowners to pay for the building, rebuilding, repair, renovations of properties owned by millionaires. UnF****G believable!!!!!!!!!!
The saddest thing is that the homeowners do not even know that they are paying the property taxes for the downtown properties. Just go up to ANYONE and after you tell them that Paul Mitchell is a Forbes BILLIONAIRE and he has a hair salon downtown and ask the person if they know that they are paying Paul Mitchell's property & school tax bills via their own tax bill. Ditto the Hiltons (Hampton Inn). And make sure you ask people if they know that Philip Morris refuses to pay taxes on his theater AND that he ILLEGALLY is taking two STAR exemptions. Sadly, the answer is that most people don't even know because the city DEMS keep it all hush hush, the big dem secret. But then, many are renters and don't even grasp the concept that their rent goes to pay the landlord's property taxes. When residents who rent can't connect the two, they aren't going to care. Homeowners who do, well, they feel they are fighting a losing battle and have put their homes up for sale, and sad for them, but the truth, the FACT is (contrary to what DV wants you to think), the FACT is virtually NO ONE wants to buy a house in the city!!!!!
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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.
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
"While Foreign Terrorists were plotting to murder and maim using homemade bombs in Boston, Democrap officials in Washington DC, Albany and here were busy watching ME and other law abiding American Citizens who are gun owners and taxpayers, in an effort to blame the nation's lack of security on US so that they could have a political scapegoat."
And for DV's knowledge, MC1 and L4L are NOT the same person
Yes, thanks L4L. We have done some of that research myself and posted it here, but we don't have the time to find everything
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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.
better keep it down, criminally guilty civil libel and slander charges might come
"While Foreign Terrorists were plotting to murder and maim using homemade bombs in Boston, Democrap officials in Washington DC, Albany and here were busy watching ME and other law abiding American Citizens who are gun owners and taxpayers, in an effort to blame the nation's lack of security on US so that they could have a political scapegoat."
heard the other day from someone who heard from someone who heard from someone on the schenctady ida....that all of the businesses mentioned are NOT tax exempt. including villa! something about a 'tax break' incentive for the first few years or so...then full taxes. Everything we find states that they are tax exempt.
Now either they ARE NOT tax exempt.....or the city doesn't keep/post/update their records!
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
heard the other day from someone who heard from someone who heard from someone on the schenctady ida....that all of the businesses mentioned are NOT tax exempt. including villa! something about a 'tax break' incentive for the first few years or so...then full taxes. Everything we find states that they are tax exempt.
Now either they ARE NOT tax exempt.....or the city doesn't keep/post/update their records!
The Schenectady tax rolls are wrong?
Is that what you are suggesting?
These same businesses listed as currently being tax exempt also get low or no interest loans totaling over 28 million.
These same businesses received 28 million in grants over the past 2 years as well.
Or are the Metroplex annual reports and the IDA reports faked as well as the tax rolls?
I don't believe any of the reports are wrong or the tax roll published to the web.
The Metroplex has the authority to initiate and extend tax exemptions for as long as they want, and to whoever they want.
Of course, that is the idea, give them a break to get them here and someday they will pay taxes.
Villa Italia received grant money as well as interest free loans, on top of their indeterminate number of year tax exemption.
They start paying taxes when the Metroplex decides they need to.
With Metroplex getting a 50% budget increase, none of these businesses will need to pay taxes for a long time.
heard the other day from someone who heard from someone who heard from someone on the schenctady ida....that all of the businesses mentioned are NOT tax exempt. including villa! something about a 'tax break' incentive for the first few years or so...then full taxes. Everything we find states that they are tax exempt.
Now either they ARE NOT tax exempt.....or the city doesn't keep/post/update their records!
Agree, there are some businesses which do have an 'ending' date for their tax breaks. Clinton's Ditch ended theirs recently yet the Plex decided to 'forgive' their $35,000 loan. Guess when one break ends another begins.
As well, there was that Cardiomag which received mega-metroplex-money plus a tax-free ride and when their Schenectady taxes began to come due, they left for Albany County.
Let's face it, you cannot bribe a business to come into a financially unsound City with an unbalanced playing field. They don't care about Renaissances, they care about profit. Schenectady County is clueless on economics 101 and the loss of $100 million with a $5 million City deficit is telling enough.
As well, there was that Cardiomag which received mega-metroplex-money plus a tax-free ride and when their Schenectady taxes began to come due, they left for Albany County.
Bow Tie Got $7.4 million interest free loans. they must pay back $1 million over the next 20 years, then a balloon payment will become due.
"While Foreign Terrorists were plotting to murder and maim using homemade bombs in Boston, Democrap officials in Washington DC, Albany and here were busy watching ME and other law abiding American Citizens who are gun owners and taxpayers, in an effort to blame the nation's lack of security on US so that they could have a political scapegoat."
Agree, there are some businesses which do have an 'ending' date for their tax breaks. Clinton's Ditch ended theirs recently yet the Plex decided to 'forgive' their $35,000 loan. Guess when one break ends another begins.
As well, there was that Cardiomag which received mega-metroplex-money plus a tax-free ride and when their Schenectady taxes began to come due, they left for Albany County.
Let's face it, you cannot bribe a business to come into a financially unsound City with an unbalanced playing field. They don't care about Renaissances, they care about profit. Schenectady County is clueless on economics 101 and the loss of $100 million with a $5 million City deficit is telling enough.
AMEN! And of course, the cuckoo big bird McC/plex cheerleader--DV-- will NOT respond about these FACTS supported with the EVIDENCE. He'll just say we "lie and distort" yet he will NOT provide evidence for things he posts here which just goes to prove that he is the one who "lies and distorts."
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.
AMEN! And of course, the cuckoo big bird McC/plex cheerleader--DV-- will NOT respond about these FACTS supported with the EVIDENCE. He'll just say we "lie and distort" yet he will NOT provide evidence for things he posts here which just goes to prove that he is the one who "lies and distorts."
of course not...............he's too busy being powdered and pampered by his "Two Mommies".....................or is it "Three Mommies" ............hmmmmm
of course not...............he's too busy being powdered and pampered by his "Two Mommies".....................or is it "Three Mommies" ............hmmmmm
ROFL. That was, again, another one that should be eligible for a grammy
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.
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