03/30/26 Board of Assessment Appeals Hearings (PM) Room 4

Board of Assessment Appeals · April 1, 2026

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Appeal 916 — 55 Rising Street (Southyard LLC) — contamination and demolition claims

PresentationPublic Comment

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Peter DiNardo, a beneficial owner of Southyard LLC, asked the board to lower the town valuation of 55 Rising Street from $249,000 to $225,000, saying the site has no improvements (demolished in 2002) and is burdened by long-running EPA and DEP enforcement actions and PCB contamination that make the property effectively unsalable. DiNardo said his team spent more than $1,300,000 on testing, that EPA cleanup alternatives had estimated costs as high as $40,000,000 before recent inflation, and that wetlands and flood-zone status further reduce marketability; he offered to submit testing and clean‑

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The Fairfield Board of Assessment Appeals held hearings on March 30, 2026, taking testimony from property owners and their representatives on multiple valuation appeals — including claims about contamination, flood risk and demolished structures — and said it will deliberate and issue decisions within seven days.

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Transcript

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