I drive into Downtown EVERYDAY and spend money at Downtown businesses EVERYDAY.
It is an outright, deliberate lie to say that Metroplex projects do not generate revenues for local governments: 47 Pilots Administered by Metroplex Generate $14.18 Million in Revenues for Local Governments in Schenectady County
Schenectady, N.Y., December 20, 2013 -- The Schenectady County Metroplex Development Authority today provided an update on 47 Payment in Lieu of Tax (Pilot) agreements it administers as part of Schenectady County’s unified economic development team. The Pilot agreements generated a total of $14.18 million in payments to local governments in Schenectady County in 2013 up from $9.23 million in 2012. Between 2012 and 2013 pilot revenues increased by more than 53%. The 2011 Pilot report issued by Metroplex showed total revenues of $4.45 million.
Thirty eight (3 of the 47 pilot projects were built at empty buildings, vacant land or formerly tax-exempt property. These sites generated minimal or no taxes prior to the economic development projects being built. The other 9 projects were company expansions that created new Pilot revenues.
Ray Gillen, Chair of the Schenectady County Metroplex Development Authority said, “We are taking property that paid little or no taxes before and we are building projects at these sites that create new jobs and new revenues for local governments.”
14 Projects Were Built on Formerly Government–Owned Land/Buildings or Tax-Exempt Land that Paid $0 in Taxes Now Paying $1,671,544 in Pilot Payments
Um... 'government owned' means that Metroplex bought these locations and gave them away to developers like Galesi. they did have prior owners that were paying taxes until the Plex or the county decided to buy them. It's like saying the Trustco headquarters on Erie aren't paying taxes...yeah, that's because the County Leg bought it and hasn't done anything with it in years...leaving a huge hole in the taxbase.
Check out the Bowtie Cinema Galesi-owned location for example. A 7.5 million dollar building paying $62K up from $31k last year? How much did Galesi get for that building??
Let's see... Metroplex 'loaned' $3 million to Galesi for the property, plus a $750,000 façade grant, plus Bow Tie put another $2 million into the project plus Siemans is paying rent to Galesi as well.
Just to pay off the façade grant is going to take decades in tax money...so where does that leave the taxpayers???
Want me to take another building on your list to get to the truth???
Um... 'government owned' means that Metroplex bought these locations and gave them away to developers like Galesi. they did have prior owners that were paying taxes until the Plex or the county decided to buy them. It's like saying the Trustco headquarters on Erie aren't paying taxes...yeah, that's because the County Leg bought it and hasn't done anything with it in years...leaving a huge hole in the taxbase.
Check out the Bowtie Cinema Galesi-owned location for example. A 7.5 million dollar building paying $62K up from $31k last year? How much did Galesi get for that building??
Let's see... Metroplex 'loaned' $3 million to Galesi for the property, plus a $750,000 façade grant, plus Bow Tie put another $2 million into the project plus Siemans is paying rent to Galesi as well.
Just to pay off the façade grant is going to take decades in tax money...so where does that leave the taxpayers???
Want me to take another building on your list to get to the truth???
Yes, DV REFUSES to respond to the real truths. Of course it's proof he failed math in school and it provide he knows ABSOLUTELY NOTHING WHATSOEVER about taxes.
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.
Why is my property still losing value? DVOR should answer that.
You and your nayboob friends need to answer why you have been deliberately lying for years -- claiming that businesses that received Metroplex grants were not generating revenue for local governments -- when the ACTUAL, UNAVOIDABLE, INCONTROVERTIBLE TRUTH is that they have generated revenue to local government-- last year to the tune of over 15 MILLION DOLLARS. Oh -- and that is not counting - sales tax revenue generated directly and the economic benefit to local governments resulting from EMPLOYEES receiving income and spending that income locally.
George Amedore & Christian Klueg for NYS Senate 2016 Pete Vroman for State Assembly 2016[/size][/color]
"For this is what America is all about. It is the uncrossed desert and the unclimbed ridge. It is the star that is not reached and the harvest that is sleeping in the unplowed ground." Lyndon Baines Johnson
You and your nayboob friends need to answer why you have been deliberately lying for years -- claiming that businesses that received Metroplex grants were not generating revenue for local governments -- when the ACTUAL, UNAVOIDABLE, INCONTROVERTIBLE TRUTH is that they have generated revenue to local government-- last year to the tune of over 15 MILLION DOLLARS. Oh -- and that is not counting - sales tax revenue generated directly and the economic benefit to local governments resulting from EMPLOYEES receiving income and spending that income locally.
And YOU DV, need to understand that whatever pittance downtown might be paying in the self-serving UNPROVEN Metroplex press release, the facts are, the the ACTUAL, UNAVOIDABLE, INCONTROVERTIBLE TRUTH is that each of them, even 20 years worth of an individual property's paltry pilot will still be WAY FAR LESS than what they have received in handouts from the taxpayers to build/renovate.
" sales tax revenue ..." is FALLING for your information.
"from EMPLOYEES receiving income " Minimum wage and low wage inco0mes such that they are being subsidized by us taxpayers!
"from EMPLOYEES receiving income and spending that income locally" And WHERE are they spending the money? Buying gin and getting drunk? Buying popcorn with real butter and getting fat? Spending money at the dollar stores?????
Those in Schenectady that have the taxpayer dole state jobs are NOT shopping downtown. Hell DV, You need to get and see how the busy Crossgates and Colonie Center are compared to Nisky Commons and Rotterdam Mall. And as far as shopping downtown - NON EXISTENT .
Come back, when you grow up little boy DV You're still living in a fairy tale world Living's so easy, life aint tough, When you remain in mommies' nest Come back, boy, when you grow up.
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.
I drive into Downtown EVERYDAY and spend money at Downtown businesses EVERYDAY.
It is an outright, deliberate lie to say that Metroplex projects do not generate revenues for local governments: 47 Pilots Administered by Metroplex Generate $14.18 Million in Revenues for Local Governments in Schenectady County
Nearly $200 million has been dumped into the downtown abyss.
And a whopping $14 million in return.
True genius at work here.
Not to worry, the taxpaying Schenectady County homeowners footed the bill.
You and your nayboob friends need to answer why you have been deliberately lying for years -- claiming that businesses that received Metroplex grants were not generating revenue for local governments -- when the ACTUAL, UNAVOIDABLE, INCONTROVERTIBLE TRUTH is that they have generated revenue to local government-- last year to the tune of over 15 MILLION DOLLARS. .
Do you even understand the concept of return on your investment?
Spending $200 million and getting $15 million is not an accomplishment, it's a total failure and wasteful corporate welfare.
...the economic benefit to local governments resulting from EMPLOYEES receiving income and spending that income locally.
Quoted Text
Electric City getting Quirky Consumer products firm bringing 180 new jobs
By Larry Rulison Published 10:19 pm, Thursday, March 27, 2014
...
It's not clear what those jobs will pay; the bulk are believed to be in a call center the company will establish.
At Quirky's New York City headquarters[/b[b]], analysts and designers are paid in the $40,000 range, according to Glassdoor.com, a high-tech employer tracking site. Call center jobs in Schenectady that require less training would likely pay less than that, especially since it is a startup, although the company did not reveal its salaries it planned to pay here.
...
Quirky, which is getting nearly $1 million in state and local subsidies
...
Another political crony of the dems getting $1 MILION money that belongs to the taxpayers in return for a handful of LOW WAGE jobs on which the employees will continue to be getting public assistance subsidy!!!!!!!!!!!!!!!
No good paying jobs on which people will get paid enough to buy homes.
Yet ANOTHER DORP in the city's tax base!
Explain DV, Galesi owns that building, he pays NO TAXES, Galesi if FILTHY RICH MULTI BILLIONAIRE. Tel us WHY the homeowners suffer with crushing taxes while the multibillionaire doesn't have to spend a penny???????
Galeski has more than enough money to pay for the renovations out of his own pocket. !!!!!!!!!!!!!
One again, NO RETURN ON THE "INVESTMENT" of money FORCIBLY STOELN form the taxpyaers under threat of seizure oif their homes.
The ACTUAL, UNAVOIDABLE, INCONTROVERTIBLE TRUTH is that under Jurzynski, the tax base was stable, people CHOSE to continue to live IN the city.
The ACTUAL, UNAVOIDABLE, INCONTROVERTIBLE TRUTH is that under Stratton-McCarthy, the tax base has been MASSIVELY REDUCED and homeowners are either fleeing the city in droves, are having their homes seized for being unable to pay the taxes of Galesi and the rest of the millionaires, and/or they are just packing up and leaving their homes abandoned!!!!!!!!
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.
Jurzynski has done alot of good for Schenectady he brought the Guyanese in to Schenectady and home values soared to record highs neighboorhoods were revitalized. The Guyanese bought lived and invest in dilapitated real estate and brought life back to the City of Schenectady and taxes were low back then compared to today. Jurzynski restored real estate parcels back to the tax rolls so it was possible for Plex and County to fund all the tax payer dollars on the shiny new buildings DOWNTOWN. McThug and the DEMS have done everything possible to destroy the good the Guyanese Initiative had brought to Schenectady. The reason for McThug and the DEMS to destroy Jurzynski Guyanese Initiative was political. Now the neighboorhoods are struggling to stay alive while DOWNTOWN sucks money out from the small pool of taxpayers that are left. The DEMOCRATS DON'T CARE ABOUT THE POOR PEOPLE IN THE NEIGHBOORHOODS THEY ARE LOOKING OUT FOR THEIR RICH FRIENDS TO FULL THEIR POCKETS WITH LOADS OF MONEY! SAD THING IS PORTERFIELD AND MOOTOOVEREN ARE STOOGES FOR THE DEMS. THEY DON'T REALIZE THAT THEY ARE SITTING IN THOSE SEATS TO DESTROY THEIR OWN GROUPS IN THE NEIGHBOORHOODS TO BENEFIT THE RICH DOWNTOWN CRONIES. CLASSIC CASE OF "UNCLE TOM'S"
Why is my property still losing value? DVOR should answer that.
I think anyone would consider this a fair/honest question to be answered. Know 1 homeowner who will no longer do any upgrades to their home, as their realtor stated they will never get the return back from their investment when, if ever, the home sells in the City. Wonder if there are other homeowners who feel the same. And what are projected home values in the City 10 years hence.
I won't say the city was glowing under Jurzynski, but at least the tax base was stable, tax BILLS were lower, people chose to either continue to live IN the city or outsiders chose to come into the city to buy a house.
Under Jurzynski people that bought homes were NEVER underwater on their mortgages!!!!!!!
Actually there was a dip in residential values in the late 1990's (and people did grieve their assessments successfully (unlike the dems who refuse to acknowledge the truth), when the house prices were low, the houses were selling like hotcakes, most often buy the Guyanese who did fix them up AND became OWNER OCCUPANTS.
Today, values of both residential AND commercial is falling beyond belief and despite being able to buy a house for not much more than the price of a car AND with taxpayer handouts for a down payment AND with taxpayer handouts to fix up the houses for the new homeowners, AND with a taxpayer subsidized city real estate business AND with taxpayer subsidized gala bus tours AND with taxpayers paying for those full page ads in the paper for the periodic open houses, HOUSES ARE STILL NOT SELLING!
Perhaps DV can address and explain why the tax base was stable under Jurzyinski and is massively tumbling under Stratton-McCarthy. NOT A CHANCE.
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.
Do you even understand the concept of return on your investment?
Spending $200 million and getting $15 million is not an accomplishment, it's a total failure and wasteful corporate welfare.
Your math is a bit screwed up -- along with your thinking. The return is not a one time thing - IT IS EVERY YEAR -- and that does NOT include sales tax revenue generated EVERY YEAR and the spending power created by employees' income EVERY YEAR and the spending power of the businesses and the businesses' owners EVERY YEAR and the income taxes paid by employers and employees EVERY YEAR. This is absolutely NOT a failure. It is a success -- a great success -- a success that apparently makes a**-hole nayboobs like you go apoplectic because you couldn't even run a lemonade stand let alone run a City-County.
George Amedore & Christian Klueg for NYS Senate 2016 Pete Vroman for State Assembly 2016[/size][/color]
"For this is what America is all about. It is the uncrossed desert and the unclimbed ridge. It is the star that is not reached and the harvest that is sleeping in the unplowed ground." Lyndon Baines Johnson
Let's take for example Bomber at 447 State Street....
In 2007, Metroplex was going to sell the building to a tailor for $250,000. Metroplex money of $74,850 was used for skylights, new windows an asbestos removal.
They sold it to Bombers in 2008 for $250,000 down (the Plex gave Bombers $250,000) and another $250,000 to be paid in the next 15 years (hence claiming a $500,000 sale).
Plex gave Bombers a $40,000 grant for whatever.
Plex gave Bombers a $75,000 façade grant.
Bombers is assessed at $774,500 and they pay a $15,000 PILOT ...... I pay the same amount on my building assessed at $240,000 in the City.
So.... for $189,850 of taxpayer money in the form of grants and a $250,000 Metroplex loan (interest unknown)... the taxes aren't even 1/3 of what they should be.
This is all for 15 - 20 jobs....
This is crap. Complete fiscal incompetence and highway robbery.
Logged
of the 47 pilot projects were built at empty buildings, vacant land or formerly tax-exempt property. These sites generated minimal or no taxes prior to the economic development projects being built. The other 9 projects were company expansions that created new Pilot revenues. 
