« N.B.A.’s Global Outreach Returns to U.S. Shores | Main | Nets sale embarrasses Marty »
September 25, 2009
Forest City in the News
RealNEO, TAX REFORM SHOULD GO BEYOND CORRUPTION ISSUE
If there’s going to be an investigation of the integrity of commercial property appraisals here, we ought to also probe tax reductions awarded to downtown property owners by official County and State of Ohio agents.
County Treasurer Jim Rokakis, concerned about the validity of commercial property appraisals because of the corruption charges involving County Auditor Frank Russo, has requested a probe by state officials. Rokakis apparently doesn’t trust the values on commercial properties. Who would?
The values given properties, of course, provide the measure of the taxes property owner’s pay. The lower the value the lesser taxes are due to be paid.
...In recent writings, I’ve been pointing out that owners at the Tower City complex and the Ritz-Carlton hotel – both controlled by Forest City Enterprises businesses – have been requesting value reductions this year as they have in past years.
...We really need – as a community and as a state – to look not only to rigged tax valuations because of outright corruption reported in recent days but to the practice of giving wealthy interests lower and lower valuations on the properties.
NoLandGrab: The opposite of that scam is going on in Brooklyn, where assessed land values in the Atlantic Yards footprint are soaring in order to justify the Payments in Lieu of Taxes needed to pay off arena bonds.
FoxBusiness.com, Forest City Enterprises Up 99.8% Since SmarTrend's Buy Recommendation
SmarTrend, our proprietary pattern recognition system, called an Uptrend for Forest City Enterprises (NYSE:FCE.A) on July 23, 2009 at $6.42.
Since then, Forest City Enterprises has returned 99.8% as of today's recent price of $12.83.
FCE.A opened at $13.08 in NYSE trading this morning.
Brownstoner, New Website, Logo for 80 Dekalb
80 Dekalb is getting sooooooo close. With just about every window in place, the 36-story rental project from Forest City has put up its splash site. There's no pricing info yet, but you can check out the nifty new logo and motto. And how about that url! Nice 4-letter dotcom: dklb.com.
Posted by eric at September 25, 2009 9:08 AM