Syracuse.com reported that the Syracuse Common Council Monday delayed voting on a proposed settlement of overdue taxes and payments with the non-profit Landmark Theatre.
The theater is seeking the deal so it can get a bank loan for a stage expansion. Councilor Lance Denno objected to the vote, which prompted the resolution to be tabled until the council’s next meeting.
Denno opposes the deal, which exchanges more than $28,000 the Landmark owes the city in back taxes and payments in lieu of taxes for the city’s overuse of the facility for free events, valued by the Landmark at about $38,000. The agreement also forgives of tens of thousands of dollars in late fees and penalties owed by the theater.
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