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

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    Tony Fracasso - Admin
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    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

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    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!

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    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?)

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    Tony Fracasso - Admin
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    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.

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    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.

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    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!

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    Now that Fatso has given the out of state billionaire a sweetheart tax deal at the expense of Amherst homeowners, suddenly retail isn’t dead after all. The empty Sears store is now the home of Gabes, a general merchandise retailer. While we wait years for the “walkable community” crappola, the billionaire will be whistling his way to the bank pocketing the gift given to him by Fatso. Somehow I have a feeling that the billionaire ain’t the only one whistling his way to the bank….lots of other developers are looking for similar deals from Fatso. This one just happened to get exposed. As the assessor tools around town in the nice new car the taxpayers bought him.

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    A friend sent a video that’s a couple of weeks old. The Democratic Totalitarian press operation known locally as Channel 2 News provided a forum for Fatso to complain about the dead zone formerly known as Northtown Plaza. Fatso is upset because the developer isn’t making any progress on the project. Fatso wants them to change from retail to “mixed use”, those words are deemed to have talismanic powers by clowns like Fatso. Fatso threatened to sic to towns building inspectors on the developer and cite them for building code violations if they don’t start building again. Of course, if there are building code violations there then Fatso ought to explain why he let them slide this long without any enforcement efforts. More likely he’s going to have them cited for violations that don’t exist as a form of harassment. Fatso keeps saying that retail only development won’t work. Of course Fatso probably is aware tha LL Bean has abandoned the dead zone for the incredibly successful Consumer Square, an incredibly successful “retail only” site just up NFB a ways. You know what really irks Fatso though? The developer won’t return Fatso’s phone calls! And Fatso has an ego that as outsized as his belly. But as I’ve said repeatedly….no one, but no one outside Western New York, has any respect for the fools that we elect to public office.

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    Dont blame the numbskull...for being a numbskull...Blame the VOTERS in Amherst after all , they elected him...and has played dictator ever since...perhaps he and his bride should just move on...read a while where she was a problem too!
    A 4yr elected term should have 2 year review..and if that elected politician has a poor review...he should be removed as part of an election agreement...this way we wouldnt be stuck with a...

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    Quote Originally Posted by joe d. View Post
    Dont blame the numbskull...for being a numbskull...Blame the VOTERS in Amherst after all , they elected him...and has played dictator ever since...perhaps he and his bride should just move on...read a while where she was a problem too!
    A 4yr elected term should have 2 year review..and if that elected politician has a poor review...he should be removed as part of an election agreement...this way we wouldnt be stuck with a...
    I do blame Fatso for it. As you know and as I predicted Fatso followed up this massive tax transfer onto the homeowners with even a larger % one at the site for JC Penney and the other property owners. His meat puppet assessor “approved” the deal as did the town attorney. The latter, I guess, was awakened from his daily nap in the office to check it out.

    Millions in taxes are being transferred onto the backs of homeowners in Amherst. If you noticed, everyone of these giveaways is being structured in such a way by Fatso so that the town board and the school districts are being excluded from the process. And the meat puppet assessor drives around town in the new car the taxpayers bought for him. I don’t remember a vote approving the purchase.

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