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Tax Breaks For Proposed Hotel OK'd By Southeast Town Board Tax Breaks For Proposed Hotel OK'd By Southeast Town Board
Tax Breaks For Proposed Hotel OK'd By Southeast Town Board The first brand-name hotel is expected to open in Putnam County after the Southeast town board voted, 3-2, to give tax breaks to a Best Western.Southeast's town board gave the Industrial Development Agency the OK to offer tax abatements to a project along Peach Lake Road. The 57- room hotel project proposed by Shelly Nichani would get 50 percent off its property tax bill in the first year. For the next nine years, the property owner would pay five percent less taxes each successive year. Over a ten-year period, Putnam County is projected to lose about $33,770 in taxes, the town will lose $3…

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by Daily Voice