"I have not spoken to the developer in several months," Morelle said, "So I think we're all rightly concerned about plans he has going forward, and I think it's time that people stepped up the pressure. And, 'look you have to make a decision soon.' Obviously it's an important project and we want it to move forward, but there won't be any State Aid and I won't be advocating for State Aid until we see a lot more activity by the developer."
You're going to give him State Aid too?!?!
WTF?
He's getting a 30 year PILOT, Empire Zone Tax Credits, lower assessments on his property.....and now you are planning on giving him State Aid?!?!
Where ya gonna get it from, Joe? NYS is broke! We have a ...what is it now....
***Jax grabs a mirror: Face flushed with red? Check. Eyes red with anger? Check. Veins throbbing on temples? Check.***
Rawr, Joe. Rawr!
I do think you bear a partial responsibility to my ever rising blood pressure, and I would like you to cover some of that expensive medicine. Please remit $52.50 to me as soon as possible. Thank you. (No checks or credit cards please. Cash or money order only.)
So, anywho, everyone is all excited that Congel (supposedly) paid what was owed plus the interest/penalties. D&C, MPN I-Post, (P.S. MPN - HATE the spinning big bird ad!)YNN, WHEC, (With a quote from 'Congel's people' "His people tell us that Scott Congel is kind of shy and doesn't like the limelight." LMAO!!)Rochester Home Page.
Yay! He did what he was supposed to! Just like everyone else has to!
Paying his taxes (if he did) does not mean he is committed to the project. It means he paid his taxes. With or without the PILOT, or whether the project moves forward or not, he would still owe property taxes. That isn't a commitment, it's a duty.
Being the negative, cynical, skeptical person that I am.....I have to "see" with my own two eyes that he did, in fact, make that last minute wire transfer payment. I will try to obtain, through FOI request, a copy of that wire transfer amount.
I have no way of knowing if he did or didn't make a payment. News reports are all reporting that he did pay - but that's just on the words of COMIDA saying that he wired the payment. I don't know if he did or didn't. Like, I'm going to trust COMIDA? lol Please.
Again - paying your taxes does not mean you are committed to improving your property - it just means you did what you are lawfully required to do when owning real property - you pay taxes.
I would think that if he paid the town what is owed to them.....$500k.....THAT would show commitment to moving the project forward. He had demolition permits last year - he let them expire. He was supposed to start demolition 60 days after the April 7th, 2009 entitlement date, but he didn't.
That doesn't say "Commitment" to me.
All he did was (supposedly) pay his taxes like everyone else. Whoop-de-$&*#(@-do.
Mall is still empty. No financing. No demolition. No construction. No jobs. Yeah, Joe....let's give him MORE of our taxes with State Aid.
Are you promising Bersin Properties (Congel) the State Aid because of the $12,000 he gave to your campaign last February?:
12 comments:
LOL! You just can't leave a *good story* alone, can you!
LOL I am just a negative ninny I guess.
I'm sorry, but I don't see the relation between doing what he is lawfully required to do (pay property taxes) and "Showing a commitment to moving the project forward".
Yes, it's great that he paid his lower taxes. Yay. I'm glad the SD and Town and County get their tax money.
But, that doesn't mean he's committed to making the project a reality.
All he did was pay his taxes a month and a half late.
Whether his dreams come true and he builds on the promises he's made or not - he still owes property taxes every year.
According to the news reports, Congel hadn't paid the PILOT because he is still working on "finalizing" financing. I hadn't thought of this, that the reason he's not paying taxes is because he has to borrow to pay them.
So, that made me think about something I read in the agreement -- namely, that the project is set to be financed in two stages. The first stage, "construction financing" is short term while he builds. The second, "permanent financing" is basically the mortgage.
The permanent financing will pay off the construction loans as well as fund the next 30 years of PILOT payments (county, town, and school district will get all of these funds as a one-time payment when permanent financing is in place).
If I am reading the PILOT correctly, the permanent financing can either be from a mortgage from a private financial institution OR by bonds sold by COMIDA. I think given how difficult it appears to be to land construction financing, the chance that a bank is willing to provide him permanent financing is slim.
Again, I might be reading this incorrectly, but I believe that the likely outcome here may be that COMIDA will essentially be the lender for this project.
See page 13 of the agreement http://www.irondequoit.org/images/PublicWorks/finalmedleyagreement.pdf, section 1.3.8
So this is a *good story* because a RICH developer paid his taxes late!?
No demolition or development has started after the PILOT was rushed through by all entities involved.
We still are due the $500,000. payment that was supposed to be received 2 months after the PILOT was signed.
COMIDA may be the lender in this project? Joe Morelle may give him state aid?
Yea, this story is *good* for who?
8-) You need to laugh more.
The other good story that made me laugh was a comment after a D&C article: that there's a check missing from the Destiny USA checkbook. I thought the joke was that Destiny is bankrupt. The story got funnier when I found out that Destiny is possibly coming into big money soon.
So where DID Scotty get the money?
Picture the COMIDA wonks, the developer, the assemblyman, the senator, the banker, wringing their hands and trying to figure out how to weasel the paper trail.
You people are so "next year," so future-oriented. For politicians and developers the only rewards are right now.
If I were a Republican, I would ask Joe DioGuardi to look into it. Then, if he gets to be senator, he might propose a federal prison for the Medley Centre site.
"if he gets to be senator, he might propose a federal prison for the Medley Centre site."
lol I thought it was going to be a water park or a casino?
Water park is at Sea Breeze, and a casino can't go there because it isn't "indian land".
Maybe a giant ice skating rink? lol
Ginny -
I don't think you are reading it incorrectly.
Hey! Be happy! Our taxes are going to fund state aid for him too!
Wooooooooo!
Jax-
Know any lawyers who can tell for sure?
Why did the Town Board need to pass the PILOT in such a hurry? Not because, as is perfectly evident, the developer was ready to go. Because they didn't want the public to have any time to see what they were voting for.
FYI: He doesn't want to talk to me in my own blog. He wants to talk to you. What am I? Chopped liver?
March 16, 2010 10:35 AM
Anonymous said...
"but there won't be any State Aid and I won't be advocating for State Aid until we see a lot more activity by the developer."
this is what was in the article, posted on your site, where did you see in there that Morelle wants to give Congel state aid?
March 18, 2010 8:12 AM
CANEM SICCO QUISNAMPERMISSUM said...
Anonymous - you are responding to FOILS' comment, not to anything you read in oh-irondequoit. 8-) Please ask your question at http://foilsforirondequoit.blogspot.com/2010/03/congel-pays-his-taxes-morelle-wants-to.html
March 18, 2010 1:46 PM
I can't believe that people think this clown will actually do what he is saying...it's been a joke since Bersin bought the property initially.
Don't pay your town/school taxes on time and see what happens!
It's all a big write off for Congel...at our expense.
"Know any lawyers who can tell for sure?"
I'm sure I could find one or two.
Too bad we couldn't put trust into the lawyers who were actually working out the deal "for us".
Releasing the PILOT on a Thursday, and voting to approve it on a Monday while two other meetings (one at a different location altogether from Town Hall) were going on? Crafty. Not clever - crafty.
Intentional too.
Canem-
lol sorry! They are more than welcome to comment over here about it if they want.
Chopped liver? No. Call it pâté and it sounds much better!
;)
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