Financial benefits to the town of SG’s grocery-retail are “just projections” says Supervisor
With 116 comments since publication
August 16, 2013
by Christine Yeres
In the Board’s Tuesday meeting, NCNOW asked Board members whether they had made further efforts to ascertain the financial benefits to the town of the grocery-retail proposal for Chappaqua Crossing, a recurring theme during the public hearing of July 30. [Tax certiorari proceedings between Summit Greenfield and the town are scheduled for this fall.]
To NCNOW’s question of whether the tax benefits to the town had been further defined, Supervisor Susan Carpenter responded, “There is an analysis in the SEIS. I realize it’s very difficult to understand because of so many different variables.”
NCNOW: It’s the developer’s projection. Will the town do one of its own or not?
Carpenter: At some point, obviously. When it gets built and it gets assessed, we’ll know what we’ve got.
NCNOW: So we don’t know before making a final decision [to approve the grocery-retail project]?
Carpenter: The assessor has to do it. We don’t tell the assessor what the value’s going to be.
NCNOW: The assessor can’t do anything until it’s built, you mean?
Town Board member Jason Chapin: I think another way to answer this is that the applicant has provided some projected numbers and we have reviewed those numbers in terms of taxes, but there are additional variables that have to be considered so we don’t know what the ultimate numbers are going to be. We just know what the preliminary numbers are.
Susan Carpenter: And those are just projections. I mean, I could say I’m building a $50,000 house or a $500,000 house, but the assessor’s going to decide what the house is worth, not me.
[The day after this article was published, in a comment [below] Town Board member Jason Chapin provided more details of projected tax revenues to the town from grocery-retail use of Chappaqua Crossing. See “Board member Jason Chapin provides more detail on Chappaqua Crossing tax revenue,” NCNOW.org, 8/29/13.]
Related: Financial picture of grocery-retail at Chappaqua Crossing: Developer’s projections, taxes paid, NCNOW.org, 8/16/13