Results 1 to 6 of 6

Thread: Amherst agrees to slash value of Boulevard Mall by 59%

  1. #1
    Tony Fracasso - Admin
    Join Date
    May 2003
    Location
    Buffalo, New York, United States
    Posts
    63,551

    Amherst agrees to slash value of Boulevard Mall by 59%

    Amherst agrees to slash value of Boulevard Mall by 59%

    The Town of Amherst has lowered the value of the Boulevard Mall by 59% to settle a challenge brought by property owner Douglas Jemal and to reflect the mall's weakened financial position.

    Town Assessor David C. Marrano has agreed to reduce the mall's fair market value to $13.48 million, from its current value of $32.97 million, for the 2021-22 tax year, said Peter Allen Weinmann, Jemal's attorney. The mall's assessed value for tax purposes would fall from $30 million to $11.9 million.



    As part of the settlement, Jemal agreed to drop its challenge of the mall's value for the 2020-21 tax year, Weinmann said. Because Jemal is not seeking a refund of property taxes previously paid, the Amherst Town Board and Sweet Home School Board do not have to approve the settlement.
    https://buffalonews.com/news/local/a...3b2ff54f9.html

  2. #2
    Member
    Join Date
    Jun 2006
    Posts
    3,490
    Quote Originally Posted by WNYresident View Post
    Amherst agrees to slash value of Boulevard Mall by 59%


    https://buffalonews.com/news/local/a...3b2ff54f9.html
    Marrano...dont worry...you'll just slap the Amherst Taxpayers with increases...That is your forte' going way back!

  3. #3
    Member
    Join Date
    Jul 2007
    Posts
    820
    Quote Originally Posted by joe d. View Post
    Marrano...dont worry...you'll just slap the Amherst Taxpayers with increases...That is your forte' going way back!
    If the best estimate of value is lower than the existing assessment, isn't it simply fair & proper to lower the assessment? Compound on top of that the overall benefit of importance of enticing it's future use. Also, regarding the 'forte going way back' comment... do tell!

    (BTW, is this "Marrano" connected/related to the home builder Marrano?)

  4. #4
    Tony Fracasso - Admin
    Join Date
    May 2003
    Location
    Buffalo, New York, United States
    Posts
    63,551
    If assessments can go up to be fair across the board then assessments should go down when the value of the property is worth less. It's fair.

    If the Galleria mall tanks it's going to hurt. The difference will be made up by everyone else in our town.

  5. #5
    Member
    Join Date
    Jun 2006
    Posts
    3,490
    Quote Originally Posted by Member 2358 View Post
    If the best estimate of value is lower than the existing assessment, isn't it simply fair & proper to lower the assessment? Compound on top of that the overall benefit of importance of enticing it's future use. Also, regarding the 'forte going way back' comment... do tell!

    (BTW, is this "Marrano" connected/related to the home builder Marrano?)
    I am told NO from past converstions I have in my experience with past assessment issues.

  6. #6
    Member
    Join Date
    Apr 2009
    Posts
    4,422
    Let’s be clear, since the coverage of this story began months ago, that fat slob, Kulpa, has been driving the lower assessment deal for this out of state billionaire who bought himself a pig in a poke in Blvd Mall. Marrano is a meat puppet. Fatso made that clear himself by his numerous comments to the media that he was working to give a massive tax break to this out of state billionaire at the expense of Amherst homeowners to whom he handed a 13% tax increase last year. Fatso condemned a useless property at the corner of Kenmore Ave and NFB with the promise to turn it into a community market last February. I drove by it today and the “market’s” only product is the garbage left behind by NFTA and its riders. Why didn’t he condemn the Mall property if the out of state billionaire doesn’t want to pay his taxes? At least some of it might’ve been purchased by responsible developers instead of a clown with a “years long plan” for an unworkable “walkable village” development that will never happen. And don’t forget, the out of state billionaire doesn't own all the property at the Mall site, JC Penny owns the footprint for its store and another developer owns part of it as well. You can be pretty sure that Fatso is going to have to give them sweetheart deals as well or face further litigation. If the out of state billionaire is entitled to an assessment break make him prove it in court. It would be an easy case because under Fatso the town attorney office in Amherst is a dumping ground for Poloncarz and the Democratic Totalitarians just like the rest of town hall. I did note that so far Clarence hadn’t caved to demands to reduce the assessment of Eastern Hills Mall. That sound Amherst homeowners are hearing off in the distance? Ka-ching!

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Similar Threads

  1. Replies: 0
    Last Post: May 20th, 2021, 11:31 AM
  2. Replies: 136
    Last Post: April 3rd, 2017, 09:40 AM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •