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Waterview tax snafu subject of dispute

July 7, 2012

WOONSOCKET – City officials say they’ve learned that the owner of Waterview Apartments has been mistakenly granted a quarter million dollars’ worth of tax breaks since 2006 and now they want to be reimbursed by the owners of the Privilege Street complex.
A lawyer for Omni Privilege Limited Partnership disputes the allegations, however, saying the company received the relief with permission from the city and should continue to do so.
“We would fight any effort to collect the tax retroactively,” Robert Berkelhammer said.
The dispute was aired this week before the state-appointed Budget Commission, which has referred the matter to its legal counsel, Edmund Alves, for review.
“I can see the fuzziness of the situation,” Commission Chairman William Sequino said after listening to Berkelhammer and Tax Assessor Christopher Celeste spar over the case in Harris Hall.
Whatever happens now will be up to the five-member commission, which has the final say over decisions that affect the city financially.

Read more in our print edition.

Comments

Way too many tax breaks and way too much fuzziness

July 9, 2012 by Working Stiff (not verified), 2 years 42 weeks ago
Comment: 1476

Every tax exemption, break, and credit in Woonsocket should be investigated. Especially interesting should be how many local real estate developers/speculators got these types of deals and who they're related to, either familiarly or through business dealings.

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