Who owns Columbia Island LLC and how did they get their taxes reduced ?

By Tom Jeferstahl on Wed, 08/04/2010 - 10:16

Catch-All

and why aren't they paying fair market value tax rate? And how were repairs done to the building and Seawall without permits?

The Island off David's Island was purchased in 2005 for 1.3 million, however, it is only being taxed at a rate of $187,000. Which is lower than last I looked 2 months ago, so they must have been approved for a tax reduction.

Work has been performed on the structure for 3 years. Sometimes up to 10 workers a day were on the site. a comparison of photos from 5 years ago and today show many improvements. So how is it that a property bought for 1.3 million and improved upon would get such a great tax break? Who is Columbia Island LLC? And why is the owner/owners hiding behind this corporation? Does anyone know who the real owners of this property are?

New Rochelle Voices

Bob McCaffrey: Echo Bay Development? What We Have Here is a Failure to Communicate

Bob McCaffrey calls on the New Rochelle City Council to allow the Echo Bay MOU with Forest City/Ratner to expire to clear the way to consider alternative plans for both the New Rochelle Armory and the City-owned waterfront acreage along Echo Bay.

BobMcCaffrey Bob McCaffrey was born and raised in New Rochelle. He has worked for a major beverage company with responsibilities in sales, distribution and plant operations. He is an active member of the Mount Joy Neighborhood Association.