The Daily Gazette
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Schenectady school district bears brunt of lowered plaza assessment

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Rotterdam’s deal to reduce the assessment of Hannaford Plaza by $3.7 million will result in the Schenectady City School District making a sizeable payout, even though the district played no part in reaching the settlement. The deal to retroactively lower the value of the sprawling 20-acre shopping center on Altamont Avenue from its assessment of $18 million in 2009 down to $14.2 million in 2013 was approved by members of the Rotterdam Town Board. The ...

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