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Schenectady Council OK's $500,000 Galesi demolition funds

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This is an expanded version of a story that appeared in print July 16, 2014. SCHENECTADY - In a split vote, the Schenectady City Council decided it would be “reasonable” to give Galesi Group $500,000 to demolish a building owned by the private developer. The council voted 4-2 Monday to apply for a $3 million demolition loan from the Department of Housing and Urban Development. That loan, which the city would pay off over 20 ...

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comments

hodgkins.t
July 16, 2013
1:14 a.m.

[ Flag Post ]

Historic preservation pioneers were betrayed tonight, tax burdens on working families increased, but a multimillionaire got a $500,000 welfare check to erase a school. Democrats? Hardly.

Resign. Immediately.

safny
July 16, 2013
6:57 a.m.

[ Flag Post ]

This is outrageous. These people don't care that many - or MOST - of their constituents oppose this. But come election time the good people of Schenectady will go back and vote for them again and again. And when hundreds of houses sit empty because taxes are so high -remember who YOU voted for, please.

gina99
July 16, 2013
7:50 a.m.

[ Flag Post ]

Anyone who supported this crony capitalism must be dumped in November. The same developer again and again. Maybe they should fix the new DSS mess first? Fiscally incompetent Democrats shouldn't be allowed to borrow ten cents. Total contempt for the taxpayers-again. No new borrowing-re-elect no one.

artbarb
July 21, 2013
1:02 p.m.

[ Flag Post ]

What is the city tax assessor doing all day long?
street #; St Name; date sold ; sale price ; tax value sold < taxed
Schdy real estate selling like hotcakes!

1173 McClellan 4/21/11 113,500 158,800 -29%
908 McClellan 6/29/11 6,700 97,900 -93%
1252 Keyes Ave 12/16/11 104,500 167,500 -38%
851 Central pkwy 1/11/12 80,000 136,000 -41%
851 Central pkwy 1/11/12 80,000 136,000 -41%
1101 Dean St 2/29/12 48,000 116,400 -59%
1702 Lenox Rd 4/17/12 82,000 129,800 -37%
1702 Lenox Rd 4/17/12 82,000 129,800 -37%
1801 Grand Blvd 6/22/12 98,000 165,100 -41%
1118 Earl Ave 8/8/12 95,000 124,800 -24%
873 Wright 8/14/12 150,000 184,700 -19%
1471 Lexington Ave 8/20/12 117,500 161,700 -27%
1522 Union St. 9/11/12 55,000 117,800 -53%
1603 Grand Blvd 12/4/12 117,500 161,700 -27%
1560 Grand 12/17/12 90,000 142,500 -37%
1871 Eastern Ave 1/18/13 75,000 161,200 -53%
873 Wright 3/14/13 55,000 163,200 -66%
873 Wright 3/14/13 55,000 163,200 -66%
1155 Phoenix 3/28/13 125,000 150,600 -17%
1101 Ardsley 4/11/13 150,000 185,000 -19%
522 Plymouth Ave 5/13/13 74,500 112,900 -34%
601 Bedford Rd 5/15/13 75,000 96,800 -23%
1230 Baker Ave 5/26/13 86,000 145,800 -41%
1470 Nott St FS 95,900 131,700 -27%
1149 Summer Ave FS 115,000 166,300 -31%

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