tag:blogger.com,1999:blog-31586983.post435647546071432186..comments2023-11-05T03:25:19.346-05:00Comments on Salisbury News: $4.4 Million Plaza Gallery Building and Annex Gifted to SU FoundationAnonymoushttp://www.blogger.com/profile/10469687445528023080noreply@blogger.comBlogger88125tag:blogger.com,1999:blog-31586983.post-33451151063503629052015-08-17T08:01:56.374-04:002015-08-17T08:01:56.374-04:00Anonymous
Property is worth what is known as it...Anonymous <br /><br />Property is worth what is known as its “fair market value” – what a reasonable and arms length sale would bring – not what an owner may have paid to buy and rehab and maintain it or what the replacement cost would be. In this case it would be based on the potential rental proceeds (income stream) and a discount rate an investor would want for a rate of return on capital (ROI).<br /><br />The current property tax value is based on such analysis. The three buildings – a large one (Plaza Gallery) and two smaller ones (annex) have a total assessed value of about 2.25 million dollars, which may be high, all things (location, age, vacancy, etc.) considered. Simply put, because the rental demand is not great downtown, and there is a high vacancy rate, both at this site and elsewhere, the value is not great either. No legitimate appraiser would value those buildings at $4.4 Million.<br /><br />It just don't pass the smell test.<br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-31586983.post-91242212116801182852015-08-16T10:42:26.418-04:002015-08-16T10:42:26.418-04:00Joe, it seems Fran's Appliances and Horner Hon...Joe, it seems Fran's Appliances and Horner Honda have closed on South Rt. 13. What is going on?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-31586983.post-40466111466004071222015-08-13T12:19:11.092-04:002015-08-13T12:19:11.092-04:00The IRS , who says that they are broke, moved to a...The IRS , who says that they are broke, moved to a suburban sprawl location and costing the taxpayers hundreds of thousands of dollars beyond what they could have spent had they stayed Downtown, not to mention "storing " (trashing) their old furniture and spending thousands more on set up expense and moving costs. If any one should be outraged it should be on this issue, but the IRS has money to wasteAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-31586983.post-71766083078101621472015-08-13T10:51:22.238-04:002015-08-13T10:51:22.238-04:00Just for fun , what do you think the 60,000 square...Just for fun , what do you think the 60,000 square foot fully leased building is worth? The valuation is less than $75 per square foot. How did you arrive at your value? DO really you know how real estate is valued/appraised professionally? How much does the State of Maryland spend on a square foot basis for construction, just construction, not land design or fees?<br />For county schools it well exceeds $350 per square foot. The new building at SU is costing over $550 per square foot. Seems to me the taxpayers are getting a deal and saving money. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-31586983.post-47713893696864398602015-08-13T10:07:03.410-04:002015-08-13T10:07:03.410-04:00University students are not poor and relying on po...University students are not poor and relying on pocket change to buy beer anymore. Maybe 20-30 years ago. Have you seen the parking lots at SU? Nicest vehicles in Salisbury. Majority of the students have multiple credit cards backed with parents money. They dine out for most meals as none of them can cook or want to. They bring money to the local economy. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-31586983.post-61738281471664405532015-08-13T10:06:02.803-04:002015-08-13T10:06:02.803-04:00O.K. the assessed value is 1.5 million, I find it ...O.K. the assessed value is 1.5 million, I find it hard to believe the appraisal value is 4. million. Yes we loose the tax base on this property. I am sure that some business located in the building will probably move to the new building being renovated by Gillis & Gilkerson. The person speaking about college kids going to the local restaurant & bars downtown, most are underage for drinking. The people who talk about all the negativity when it comes to downtown, well maybe it is because the government & people with the means are only interest in downtown and there is no other interest within the remainder of the city. When people in government and with means, only focus on one area and leave the rest of the area for its demise how do you expect people to feel. Ride around the remainder of the city. There seems to be very little support or help within any other area of the city. I don't see how revitalizing downtown will help Pricilla street, Truitt street, Church street, Camden Ave., etc etc etc. It is within an individuals right to privately donate to a cause, but government, aka city cannot only focus on one area.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-31586983.post-23412317179090683402015-08-13T08:44:47.211-04:002015-08-13T08:44:47.211-04:00Anonymous Anonymous said...
Very good point about ...Anonymous Anonymous said...<br />Very good point about the taxes. <br /><br />Janet, here's a memo for you: YOU DON'T OWN THE TOWN! In fact, you don't even own the progressively ugly and imposing university over which you rule. Do us a favor and go back to West Virginia.<br /><br />August 12, 2015 at 5:34 PM<br /><br />Try MexicoAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-31586983.post-22253924078735025392015-08-13T08:42:21.381-04:002015-08-13T08:42:21.381-04:00Can everyone that doesn't like Jake Day friend...Can everyone that doesn't like Jake Day friend him on FB and debate all these stupid things he thinks is a good idea because it's his idea. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-31586983.post-42528192637862246162015-08-13T08:41:22.112-04:002015-08-13T08:41:22.112-04:00Anonymous said...
Jake is already on Facebook tell...Anonymous said...<br />Jake is already on Facebook telling people what do you want "a better economy or a bigger tax base". Mark my words, look for a 1 percent income tax on people who work in the city, but live outside of it. Is there no one else to run for Mayor?<br /><br />August 12, 2015 at 5:00 PM<br /><br />Jake Day is so damn stupid this has nothing to do with the economy the way he thinks it does. It is just the opposite and we the tax payers will have to come up with the difference with more tax increases thus less money for us to spend which would spur the economy. IDIOTAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-31586983.post-71454647418631319762015-08-13T08:36:29.964-04:002015-08-13T08:36:29.964-04:00Anonymous Anonymous said...
In a Facebook debate I...Anonymous Anonymous said...<br />In a Facebook debate I had with Mr. Day, he claimed that trolley brought over $100k to downturn business. Of course, No documents were presented<br /><br />August 12, 2015 at 5:04 PM<br /><br />I had a debate on FB about another issue and I proved him wrong but he never accepted defeat. He if a F*n loser know it all and another Jim Ireton/Barrie Tilghman in the making. Watch out what you wish for you dumb idiots. If you had a brain you would put a good Republican up to run against him.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-31586983.post-35356418500620123172015-08-13T08:34:02.510-04:002015-08-13T08:34:02.510-04:00Anonymous Anonymous said...
"That Headquarter...Anonymous Anonymous said...<br />"That Headquarters place is a bust from all reports"<br /><br />Of course it is a bust. It didn't take a rocket scientist to predict that one. It's a nice idea except not a good idea for Salisbury at this point in time and maybe never.<br /><br />August 12, 2015 at 4:45 PM<br /><br />They are playing this out for a while and when they think no one is paying attention they will sneak in the apartments that we didn't want. Mark my word on this.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-31586983.post-76451939245872932952015-08-13T08:31:51.311-04:002015-08-13T08:31:51.311-04:00Anonymous said...
The upside to this is that hopef...Anonymous said...<br />The upside to this is that hopefully SU students will start to fill the plaza during the day using the building. Hopefully they will explore the area buy food and help support local businesses. If the building stands partially empty as an art gallery or something meaningless; it won't do any good for downtown. <br /><br />August 12, 2015 at 4:44 PM<br /><br />Are you that F*n Stupid and Uneducated!! College students are poor and buy beer with pocket change. You people that think that college students are the answer are just plain and stupid idiots. The biggest asset with college students is the rental housing. Many eat at fast food places or on campus. Get a clue moron!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-31586983.post-89298265455947246832015-08-13T08:24:10.745-04:002015-08-13T08:24:10.745-04:00They are crooks and you keep defending them after ...They are crooks and you keep defending them after you forget these atrocities!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-31586983.post-41012231602901578432015-08-13T01:10:19.620-04:002015-08-13T01:10:19.620-04:00Irs will be notified.Irs will be notified.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-31586983.post-89684266742277044802015-08-13T01:01:59.618-04:002015-08-13T01:01:59.618-04:00This is similar to Hillary & Bill donating $1....This is similar to Hillary & Bill donating $1.4 million to a charity last year. The charity happened to be the Bill and Hillary Clinton Foundation. They gave the money to themselves and American citizens are screwed out of tax dollars.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-31586983.post-4137965586680438632015-08-12T23:56:59.547-04:002015-08-12T23:56:59.547-04:00it is a fair deal for everyone. Thank Palmer an To...it is a fair deal for everyone. Thank Palmer an Tony for their courage in downtown salisbiury and givivg it to the University. Hats off to their boys for continuing the legacy. <br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-31586983.post-16307928081457413272015-08-12T23:27:24.385-04:002015-08-12T23:27:24.385-04:00Call the IRS.Call the IRS.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-31586983.post-6300359849548757112015-08-12T23:26:46.534-04:002015-08-12T23:26:46.534-04:00Yes i am A..Wipe.Yes i am A..Wipe.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-31586983.post-55234021404808616672015-08-12T23:01:27.159-04:002015-08-12T23:01:27.159-04:00SU's positive impact in our community is only ...SU's positive impact in our community is only the residual crumbs that fall off of SU's use of whatever they want and need. Very one sided.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-31586983.post-73409325927675504942015-08-12T22:31:05.709-04:002015-08-12T22:31:05.709-04:00Thanks for exposing this tax scam.Thanks for exposing this tax scam.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-31586983.post-73098095682034265632015-08-12T21:44:43.694-04:002015-08-12T21:44:43.694-04:00Lets keep it real.....perhaps they are absolving t...Lets keep it real.....perhaps they are absolving their guilty conscience over the tenant who died along with his kids in that rental house in Princess Anne! You never heard anymore about WHO illegally wired it.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-31586983.post-28770449103123150442015-08-12T20:19:24.044-04:002015-08-12T20:19:24.044-04:00Why would you say that? Do you have any idea how m...Why would you say that? Do you have any idea how many appraisal firms do business locally? What an incredibly irresponsible thing to do.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-31586983.post-8050269314581199462015-08-12T20:18:09.060-04:002015-08-12T20:18:09.060-04:00Sure you are. Sure you are. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-31586983.post-53124615784771947352015-08-12T19:42:11.598-04:002015-08-12T19:42:11.598-04:00The way I figure it is that once the IRS moved out...The way I figure it is that once the IRS moved out they couldn't lease it to anyone else for that kind of money. It was a business move by the owners so they would no longer have to pay taxes on a vacant building.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-31586983.post-14061123646505828032015-08-12T19:37:47.475-04:002015-08-12T19:37:47.475-04:00Let me take a stab at this. Lost biggest tenant to...Let me take a stab at this. Lost biggest tenant to add to other vacaccy's, big tax break on over inflated building, moving GG to another flop "Felmans" and rape the university on the renovations. Wow that is so generous . Need another building with bigger doors to get Palmers over inflated head in. Anonymousnoreply@blogger.com