The company will be paying in the next day or two, One Niagara's
The property, which is home to food and souvenir vendors, a Native American dance show, offices and a paid parking lot, has had various ownership interests fighting among themselves for years. Attorney
Only about four floors of the nine-story structure are presently used, though the owners have said resolving the ongoing tax issues would allow them to invest further.
Any improvements to the ninth floor -- which in the past has been used as an observation deck -- will include roof repairs, which the building needs, he said.
The settlement payment will cover all taxes, penalties and interest for tax rolls prior to
Under the agreement, failure to pay by the deadline makes the settlement null and void. If that happens, court dates have been scheduled in September and October in both the assessment challenge and the foreclosure action, respectively.
The latest deal also covers this year's taxes, though what was on the table earlier this year would not have included them.
This isn't the first time city lawmakers have approved a deal with One Niagara's ownership regarding back taxes.
In February, the Council gave the go-ahead for a deal that required payment by
No payment was made at that time, when the amount owed was approximately
Lawmakers on Thursday were split along the same lines as in the February vote -- with Councilmen
It was revealed at the passage of the
Grenga previously said there was no offer from the state, called the state agency's actions an "offer to assist."
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