We have successfully appealed the assessment at the lowest levels since the complex opened.
We settled this appeal at a value significantly lower than the actual construction costs.
The PTC team significantly reduced the tax value.
The proposed value of over $12,000,000 was reduced to under $9,000,000.
Despite an increase in hotel revenue, we were able to reduce the assessment by over a million dollars.
Through our negotiations we were able to reduce the assessment by approximately $500,000.
The PTC team was able to lower the tax value to virtually the same level as the prior year.