GENESEO – The owners of the multi-million-dollar Genesee Valley Shopping Center, which includes Wegmans, are taking the Town of Geneseo to court in an attempt to get the current appraised value of the plaza cut down to less than half. Geneseo Town Supervisor William Wadsworth said that the attempt by the registered taxpayer for the plaza, Gailileo Apollo IV Sub LLC, to lower the value from $13,480,400 to $6,199,000 is a ridiculous challenge to … [Read more...]
Rent Hikes Squeezing Geneseo Plaza Businesses
GENESEO – Now that several large chain stores like Hallmark, AT&T, and Staples have decided to pull stakes and relocate, business owners in the Genesee Valley Plaza are saying that enough is enough when it comes to rent hikes. According to Geneseo Town Supervisor William Wadsworth, the relocations are the influence of the commercial real estate company that owns the plaza. This company is Brixmor, a national-scale real estate company with … [Read more...]