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Developer seeks five-year 79-E tax break for hotel at 95 South Main; residents raise tax and parking concerns
Summary
Developer John Gertinoe told the Rochester City Council he plans a historic-sensitive hotel conversion at 95 South Main and requests a five‑year 79‑E tax relief term; residents warned the relief effectively shifts costs to other taxpayers and urged scrutiny of assessment and parking impacts.
The Rochester City Council heard a proposal to grant community revitalization tax relief (known as a 79‑E) for a hotel conversion at 95 South Main during its Dec. 17 meeting. John Gertinoe of Condo Development, the purchaser of the building, said the historic structure will be preserved and converted to a hotel the company expects to stabilize and appraise at about $10,000,000 within five years.
Gertinoe said the project would create roughly 15–20 local jobs and that…
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