Thursday, March 15, 2012
Keith's owner a tax deadbeat
From the Times Ledger:
Plans to develop the RKO Keith’s Theatre are still in a holding pattern as the Federal Aviation Administration has not issued a final ruling to allow construction, but developer Patrick Thompson also faces nearly $400,000 in unpaid taxes and the potential sale of the property as a tax lien, according to city records.
But Thompson faces more hurdles from the city Department of Finance.
According to the department, Thompson did not pay any of his property taxes since January 2011. The fees come to $379,585 in property taxes, $1,900 in water bills, and $180 in additional charges.
The outstanding total balance of $381,698 means that the property is in danger of being put on the list of tax liens for sale, according to the finance department.
If the lien were to be put up for sale, anyone would be able to purchase the property for the exact amount that is outstanding at the time, the department said.