LAWSUITS NEWS & LEGAL INFORMATION
Casino Property Tax
Philadelphia, PA: (Dec-04-07) The city brought charges against Foxwoods, the proposed river front casino in South Philadelphia, over its property taxes. Records show that Foxwoods appealed first to the city's Board of Revision of Taxes this year and then to the Court of Common Pleas after the property taxes on its 18.5 acre site increased from $277,670 in 2005 to $1,377,641 in 2006. The $64.7 million paid by Foxwoods investors for the site in 2005 caused the increase. As per documents at the City Department of Revenue, Foxwoods owes $2.8 million for 2006 and 2007 in back taxes, interest, penalties and legal fees. In a recent development in the case, the city agreed to lop off $1 million off the back taxes and allow Foxwoods to pay half now and half when it opens. Under the deal, Foxwoods will pay $1,750,000 for 2006 and 2007, with $875,000 due within 10 days and another $875,000 to be paid when Foxwoods opens.
[PHILADELPHIA DAILY NEWS: CASINO PROPERTY TAX]
Published on Dec-4-07
Legal Help
If you have a similar problem and would like to be contacted by a lawyer at no cost or obligation, please click the link below.Published on Dec-4-07
