[CPEO-BIF] Former hospital, Corning, New York

[Lenny Siegel <lsiegel@cpeo.org>]

Former hospital to return to tax rolls; Guthrie to seek tax relief

By Jeffery Smith
Corning Leader (NY)
April 29. 2015

CORNING - The vacant former Corning Hospital site, assessed for $5  
million, is expected to be back on the city tax rolls in early 2016,  
but steps will be taken to lower the tax bill on the 176 E. Denison  
Parkway site.

Rhonda Darling, city assessor, said the nearly 8-acre site will be  
put on the city tax roll March 1, 2016.

Phil Roche, Corning Hospital board chairman, said Guthrie, which owns  
the site, will do one of two things to lower the assessment before then.

"We will apply for a revision in value or, more likely, seek a  
Payment in Lieu of Taxes (PILOT) on the site as a property under  
development at that point. A PILOT is a negotiated value and tax  
structure agreement."


...

For the entire article, see
http://www.steubencourier.com/article/20150429/NEWS/150429606

--

Lenny Siegel
Executive Director, Center for Public Environmental Oversight
a project of the Pacific Studies Center
278-A Hope St., Mountain View, CA 94041
Voice: 650/961-8918 or 650/969-1545
Fax: 650/961-8918
<lsiegel@cpeo.org>
http://www.cpeo.org

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