Fulton Council Tidbits: Tax Settlement with Penn Traffic; More Parking at Michaud; Old Gas Station Sold

by Contributor | November 16, 2010 8:02 am

Among the items tackled recently by the Fulton Common Council was a settlement of a tax dispute with the owners of the closed P&C supermarket.

Penn Traffic, the company that owned and then shut down P&C at the end of a long battle against bankruptcy, sued the city to lower the assessment on the company’s store at River Glen Plaza.

The store was assessed at $2 million; Penn Traffic wanted it lowered to $1 million.

Mayor Ron Woodward said the city settled at $1.25 million and Aldermen approved the settlement. “With no business, the value (of the empty store) is quite depreciated,” Woodward said. Most of the shopping center’s storefronts are vacant. A development company allegedly foiled plans by Cayuga Community College to buy the grocery store and turn it into an expanded campus for the growing school.

Woodward said the city will have to pay back about $13,000 in taxes paid by Penn Traffic in 2009 under the old assessment. He said the Fulton City School District will have to return money to Penn Traffic as well.

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