St. Elizabeth Medical Center is considering buying the office building at 4401 Middle Settlement Road after The Hartford Financial Services Group moves out. . . .New Hartford and Oneida County have bent over backwards to encourage "growth," but what they've accomplished is like rearranging the deck chairs on a sinking ship: simply moving economic activity from one part of our depressed region to another.
Because it is a nonprofit health-care provider, St. Elizabeth does not pay property tax on the buildings it owns, Scholefield said. That would be true of the building if they purchased it.
Town Supervisor Earle Reed acknowledged the lost tax revenue could hurt.
This story is a good illustration of how foolish Town, County and EDGE policies have been and how short-sighted their leaders are.
Not only will there be no jobs coming into the area, but taxpayers will now be on the hook to construct and maintain more public infrastructure at the NH Business Park while having LESS tax revenue coming in to support it!
Way to go, guys and gals!