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Four Seasons flea market asks for city help to rebuild main facility
TweetYOUNGSTOWN —The Four Seasons Flea and Farm Market is asking city officials for a tax break to rebuild its main building destroyed in a June fire.
Four Seasons, through its parent company, Barr Holdings LLC, is seeking a 75-percent, 10-year real property tax abatement.
City council will consider an ordinance at its Thursday session allowing the board of control to approve the tax break.
If the abatement is approved, the flea market would pay $28,478 in property taxes over the next decade.
The business would save $85,434 in property taxes during the same time period.
A fire in June destroyed the main building of the business at 3000 McCartney Road (U.S. Route 422) on the city’s East Side.
For the complete story, see Tuesday’s Vindicator and Vindy.com
Comments
WHY ?????/
A new building would be an improvement to that side of town. The question must be asked, what would the city receive by granting a tax abatement? A flea market does not have the employees to generate income taxes that may offset the property tax loss. I think that a 75% tax abatement is too much.
If we can spend billions to "help" GM I say we should give this guy a break