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Upstate halts property renovations due to back taxes

By Giancarlo Doyle Rulli
April 20, 2011 - 7:50 pm
Dispute over back taxes between Upstate Medical University, City of Syracuse has derailed $45 million renovation of two downtown high-rise apartment buildings.

According to The Post-Standard, Upstate wants to turn of its high-rise apartment buildings into upscale housing for medical students and doctors. 

Upstate stopped work on Harrison House and Townsend Tower two weeks ago because the city wants Upstate to pay-off $3.6 million in city and county back taxes owed on the properties. 

Senior Vice President of Upstate Steve Brady said, "Upstate is willing to pay a portion of the back taxes and hopes to negotiate a deal so it can get the project back on track."

However, Upstate will not have to pay property taxes on the buildings in the future. Upstate applied for and received a tax exemption on future projects. 


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