Hollywood Casino seeks tax break
Hollywood Casino in Bangor is seeking to reduce its property valuation by $36.8 million — a request that city officials are preparing to fight.
The Bangor Daily News reported that Hollywood Casino's tax abatement request, if granted, would reduce its tax burden by $876,840. Jose Flores, the casino's general manager, said the request stems from a decrease in business, “continued competitive pressures from Oxford Casino and general softness in the economy.”
The Bangor City Council is expected to vote this Monday on whether to approve a request from City Assessor Phil Drew to hire legal counsel to defend the casino's current assessment. Drew said he feels “comfortable that the assessment is fair and equitable.”
Source: Bangor Daily News
Read more
Casinos cite ‘cannibalization’ concerns
Maine slot machine gambling revenue declines
Lawmaker seeks addition of 3 casinos statewide
LePage: No dice on southern Maine casino
Most Recent
Most Recent
Comments