KCRag Forum

wahoowa wrote: ↑Thu Aug 13, 2020 11:33 am anyway, worcester communities / worcester investments has apparently told the manager of the facebook group no one is allowed to talk about the facebook group at events or post flyers about the group. i'm in fight club!

swid wrote: ↑Sun Jun 06, 2021 3:57 pm all I can hope for is that Worcester gives up and sells to building to competent owners eventually, as the building itself is still quite nice.

swid wrote: ↑Tue Jan 30, 2024 1:23 pm

swid wrote: ↑Sun Jun 06, 2021 3:57 pm all I can hope for is that Worcester gives up and sells to building to competent owners eventually, as the building itself is still quite nice.

Looks like it only took about 2.5 years for this hope to become (partially) true, as Worcester has put the building on the market.

im2kull wrote: ↑Tue Jan 30, 2024 3:49 pm
Will be interesting to see who buys the building and what becomes of it.

Joel Worcester moved down the street into Wallstreet Tower, purchasing a condo and the lower level of the building. If you want a good laugh check out the tax history of the lower level units. The HOA allowed them to be re-deeded with just 84ish square feet of space accounted for, despite actually having more than 10,000K SF+ of space. Look at the impact of that on taxes. They paid just 19 cents in RE taxes the last few years for both units...

https://ascendweb.jacksongov.org/parcel ... 0-0-21-001
https://ascendweb.jacksongov.org/parcel ... 0-0-21-002

It's disgusting what some people get away with. Missing tax revenue like this is what Kathleen Pointer should be pointing out and highlighting ten times over.

TheLastGentleman wrote: ↑Tue Jan 30, 2024 10:18 pm This building should be lit up like the P&L building. One of our best skyscrapers

taxi wrote: ↑Tue Jan 30, 2024 5:18 pm

im2kull wrote: ↑Tue Jan 30, 2024 3:49 pm
Will be interesting to see who buys the building and what becomes of it.

Joel Worcester moved down the street into Wallstreet Tower, purchasing a condo and the lower level of the building. If you want a good laugh check out the tax history of the lower level units. The HOA allowed them to be re-deeded with just 84ish square feet of space accounted for, despite actually having more than 10,000K SF+ of space. Look at the impact of that on taxes. They paid just 19 cents in RE taxes the last few years for both units...

https://ascendweb.jacksongov.org/parcel ... 0-0-21-001
https://ascendweb.jacksongov.org/parcel ... 0-0-21-002

It's disgusting what some people get away with. Missing tax revenue like this is what Kathleen Pointer should be pointing out and highlighting ten times over.

There must be more to the story. There would have been a final plat subdivision with survey filed when it became condos and that would be public record. It had low taxes for a few years but is back up now. Not sure when their 2nd phase of 353 abatement started but there must be a reason for the low tax years, like some kind of incentive. It shouldn't be that hard to figure out with some digging if you didn't have anything better to do.

TheLastGentleman wrote: ↑Tue Jan 30, 2024 10:18 pm This building should be lit up like the P&L building. One of our best skyscrapers

im2kull wrote: ↑Wed Jan 31, 2024 10:37 am

taxi wrote: ↑Tue Jan 30, 2024 5:18 pm

im2kull wrote: ↑Tue Jan 30, 2024 3:49 pm
Will be interesting to see who buys the building and what becomes of it.

Joel Worcester moved down the street into Wallstreet Tower, purchasing a condo and the lower level of the building. If you want a good laugh check out the tax history of the lower level units. The HOA allowed them to be re-deeded with just 84ish square feet of space accounted for, despite actually having more than 10,000K SF+ of space. Look at the impact of that on taxes. They paid just 19 cents in RE taxes the last few years for both units...

https://ascendweb.jacksongov.org/parcel ... 0-0-21-001
https://ascendweb.jacksongov.org/parcel ... 0-0-21-002

It's disgusting what some people get away with. Missing tax revenue like this is what Kathleen Pointer should be pointing out and highlighting ten times over.

There must be more to the story. There would have been a final plat subdivision with survey filed when it became condos and that would be public record. It had low taxes for a few years but is back up now. Not sure when their 2nd phase of 353 abatement started but there must be a reason for the low tax years, like some kind of incentive. It shouldn't be that hard to figure out with some digging if you didn't have anything better to do.

The final plat from around 2005 showed 11,300 SF for those spaces. A replat changed/reduced that to 84 SF a few years ago... Likely for the unit owner to skip the taxes. Don't laugh too hard but the replat counted the door opening thresholds (84 SF) as the new SF number. The HOA must have approved.. no surprise given their questionable history. The remainder of the 11,300 SF became a common element, with the final kicker being that nobody can use it.

KCPowercat wrote: ↑Wed Jan 31, 2024 11:33 am

im2kull wrote: ↑Wed Jan 31, 2024 10:37 am

taxi wrote: ↑Tue Jan 30, 2024 5:18 pm
There must be more to the story. There would have been a final plat subdivision with survey filed when it became condos and that would be public record. It had low taxes for a few years but is back up now. Not sure when their 2nd phase of 353 abatement started but there must be a reason for the low tax years, like some kind of incentive. It shouldn't be that hard to figure out with some digging if you didn't have anything better to do.

The final plat from around 2005 showed 11,300 SF for those spaces. A replat changed/reduced that to 84 SF a few years ago... Likely for the unit owner to skip the taxes. Don't laugh too hard but the replat counted the door opening thresholds (84 SF) as the new SF number. The HOA must have approved.. no surprise given their questionable history. The remainder of the 11,300 SF became a common element, with the final kicker being that nobody can use it.

This is a 909 walnut thread.