Tax Breaks Sought For Downtown Apartments
Former Watertown city council member Steve Bradley is seeking a tax break on the apartments he built over his business on Court Street in Watertown.
In a letter to the city council, Bradley asks for a 12 year tax exemption on the improvements made to his 150 Court Street property. He would continue to pay full taxes on the rest of the property.
Bradley cites the council's plans to aid the developer of the Woolworth Building.
"My building is actually older, it's been here longer," he told 7 News Friday night.
Bradley said in his letter that he needs the financial help the tax break would provide, because the project proved more expensive than expected.
Other council members contacted by 7 News had differing opinions on the request.
Joseph Butler Jr. said he wants to know what options the city has before offering an opinion.
Jeff Smith noted "The city wouldn't lose out on any money it already has. It just wouldn't gain any extra dollars based on his improvements."
Bradley's request is included as part of Monday's city council agenda.
Friday, October 31, 2014, Watertown, NY
On Wall Street