Stevey_G
Active Member
That would effectively be enough for them to cut their losses and sell. A more competent developer might get a solid deal on the land if this happened.I’ve often thought the simplest solution is for the property taxes to remain at the same level as they were in the year prior to demolition until such time as the site is redeveloped. To make it comply with the MGA, it could simply be a permit condition caveat registered on title and not technically a property tax.