This is a HUGE win for Metroplex and the people of Schenectady.  The AAA building/property is a key parcel of land for the next big development Downtown.  

Oh -- and for the liars who claim that Metroplex is "taking lands permanently off the tax rolls" -- that is NOT the case -- the parcel will eventually be sold to a developer who will develop it and pay taxes on it   and even when property tax exemptions are given .. they are only for a limited number of years and are incrementally phased out so that - indeed - PROPERTY TAXES ARE PAID ON THE PROPERTY.

The only reason why the nayboobs are so upset about this transaction is that the Republicans FAILED 10 years ago to achieve the same deal with AAA  -- and now Metroplex and Ray Gillen have succeeded .. and something NEW and POSITIVE will be built in that area.

Quoted from DemocraticVoiceOfReason

This is a HUGE win for Metroplex and the people of Schenectady.  The AAA building/property is a key parcel of land for the next big development Downtown.  

Oh -- and for the liars who claim that Metroplex is "taking lands permanently off the tax rolls" -- that is NOT the case -- the parcel will eventually be sold to a developer who will develop it and pay taxes on it   and even when property tax exemptions are given .. they are only for a limited number of years and are incrementally phased out so that - indeed - PROPERTY TAXES ARE PAID ON THE PROPERTY.

The only reason why the nayboobs are so upset about this transaction is that the Republicans FAILED 10 years ago to achieve the same deal with AAA  -- and now Metroplex and Ray Gillen have succeeded .. and something NEW and POSITIVE will be built in that area.

DV, give us proof.   You can't provide proof, that means you ARE a LIAR LIAR LIAR!!!!!!!!

I, however, since I speak the truth, I have provided proof on these boards, many times, I have provided the PROOF from OFFICIAL GOVERNMENT RECORDS that show the MANY properties that are PERMANENTLY EXEMPT from paying taxes   --- FOR PROFIT BUSINESSES!!!!!!!!!!!!!!!!!!!!

And tell us DV, even for the 10, 15 years that properties are tax exempt, tell us DV, tell us from where does the city get the revenue that the exempt property  should have been paying?????    

For crying out loud, dV, how DUMB can you be!!!!!!!!!!!!!!    All these exemptions handed out under Stratton, Savage, and Gillen must be paid for by the financially struggling homeowners, but of course, you don't know what that's like since you live off your weekly allowance from someone living on the public dole

Metroplex ought to be going to meet with AA, not AAA. They are obviously drunk on taxpayer money.

To me, if any private sector business is operating under a successful formula it would not need any corp. welfare to sustain/succeed by itself.   In a true capaitalist society it's survival of the fittest.   If one cannot cut it on their own then it deserves to fail.    If  for no other reason than because the product, service, or admin. of said business is lacking.   To be continually propped up with taxpayer $$$$$ to tread water or until times get better is unfair to the taxpayers.  Dem. OR Rep. based.   We as taxpayers of homes cannot hold off on our tax obligations for those reasons   The judgement of a company's true value and the success it achieves is determined/reflected by it's bottom line, not by the inflation of that line with the influx of taxpayers $$$$$.   Every time these handouts occur you can't help but think of that pesky relative who always seems to want to hit you up for a loan of sorts for their business, who always tells you prosperity is just around the corner.

Quoted from DemocraticVoiceOfReason

This is a HUGE win for Metroplex and the people of Schenectady.  The AAA building/property is a key parcel of land for the next big development Downtown.  

Oh -- and for the liars who claim that Metroplex is "taking lands permanently off the tax rolls" -- that is NOT the case -- the parcel will eventually be sold to a developer who will develop it and pay taxes on it   and even when property tax exemptions are given .. they are only for a limited number of years and are incrementally phased out so that - indeed - PROPERTY TAXES ARE PAID ON THE PROPERTY.

The only reason why the nayboobs are so upset about this transaction is that the Republicans FAILED 10 years ago to achieve the same deal with AAA  -- and now Metroplex and Ray Gillen have succeeded .. and something NEW and POSITIVE will be built in that area.

GREAT NEWS. How much city property taxes will the county pay the city for the SCCC Dorm deal?  How much city property tax is paid by the Center City?   How much do you pay? NONE!

If AAA left, they would have had to sell their Schenectady building independently or would have continued to pay taxes on it until it sold. Therefore, the taxpayers lost. Again.

greatr job guys

pretty funny joe, lol aa vs. aaa. too bad u know jack about economic development

What is so hard to grasp here SB?

If AAA left, they would still have to sell their building, but remain current on the taxes until it was sold. The assessed value for the lot is $84K and the building is assessed over $350K.

AAA would most likely have to sell to another business which would have to pay the same amount of taxes as well.

INSTEAD, we take this $350K + $84K location off the taxrolls, give AAA a GRANT to move to Center City and what......

THE CITY JUST LOST A $400,000 TAXPAYING PROPERTY! Are you that dense that you don't understand this? AAA should have been responsible for selling their own building if they wanted to leave.

Quoted from Smoking Bananas

greatr job guys

pretty funny joe, lol aa vs. aaa. too bad u know jack about economic development

And you think you do??????????    


Explain how jacking up the taxes on financially struggling homeonwers---making their taxes almost the highest in the whole country---combined with causing the DRASTIC PLUMMETING of property values, is THAT wat YOU call economic development?    Is it economic development when you make financially struggling homeonwers pay the property and school taxes?    Is it called economic development when the a business failes and the taxpayers who can barely make it from pay check to pay check are then forced to pay to bail out the business--and bail them out twice?    Is it called economic development when people lose their homes becvause they can no longer afford taxes?   Is it called economic development when homeonwers have a mortgage and for whatever reason (job transfer, divorce, downsizing, etc) have to sell their house and they can only sell it for a fraction of what is still owed, so AFTER the sale has been closed they STILL are paying on the mortgage?????   Is THAT what YOU call economic development?


So your definition of economic development is "make the poror pay for the rich"  

Some people believe NEW buildings equal economic development. The fact is, Gillen and the developers know it isn't economic development, but instead make work projects for developers and the party to make money off the taxpayer.  But as long as the Gazette and news outlets report it as development, the dummy residents won't know any different. You could dump millions into remodeling neighborhoods and have the same economic impact.  The only people making out economically are those chosen to get the contracts for the make work projects.

The metroplex and the political locals are just projecting a false sense of economic security. That is bound to fail! It is just a government sponsored enterprise. Same as the u.s.post office and fannie mae and freddie mac. Creating an unsustainable debt and a false sense of economic security that crashes in the end and/or in need of a bail out. This is what happens when you don't allow the private sector to control the economic market.

My opinion is that somehow we need to get the complete details on a few of these deals.  I am assuming that they have to provide everything since it is public money right?  We should have access to the whole file, not just part of it.  

These guys at Metroplex are spin doctors.  

This IOOF is a good one.   The grant money up front, the rehab the transfer to Proctors for nothing and then the profit made by Proctors.  It was just another way to launder more money to Proctors.
The Muddy Cup is the same thing.

The AAA deal is another.  This whole deal was known for a long time.  The parcel will be absorbed into the UOC SCCC Dorm deal for sure.

Cornells is another.

Rather than spend all our time going back and forth with a bunch of no nothings (DVR, Scotsdog08 and SB) we should concentrate on getting the COMPLETE details on just a few of these deals and make them public.  

How do we do it without someone coming after us?
Same thing with the Farstad docs for the pension padding.  

and the RENAISSANCE GOES ON ... and the RENAISSANCE goes on ...

Quoted from DemocraticVoiceOfReason

and the RENAISSANCE GOES ON ... and the RENAISSANCE goes on ...

Dummy is back.....how was the shock therapy?

It was a lobotomy but it obviously wasn't successful.