Portsmouth's Top Tax Delinquents of 2011

Who owes the most in property tax dollars to the town?

One Pennsylvania-based company owes the town of Portsmouth more than $1.9 million in property taxes and some town leaders are questioning when the bill will be paid. 

As of Wednesday, Development Co. Inc. of King of Prussia, PA, owes the town of Portsmouth a total of $1,923,133.90 in late property taxes. The amount owed includes taxes for several property holdings, as well as interest. 

Phone calls and messages left with Carnegie Tower Development Co. have not been returned to date. 

Portsmouth Town Finance Director David Faucher previously said he expects a payment to be made, but does not know when. 

At least two other companies tied to Carnegie Abbey are behind in payments as well.

Here's a complete list of the top five tax delinquents and the amounts they still owe to the town: 

Company Name Business Address Amount owed as of Dec. 6, 2011 (includes interest) Carnegie Tower Development Co. Inc. 2701 Renaissance Boulevard, Fl 4, King of Prussia, PA 19406-2781 $1,923,133.90 Buttonwood Acquisition LP 2701 Renaissance Boulevard, Fl 4, King of Prussia, PA 19406-2781 $130,656.17 Conlan Rhode Island Acquisition LLC Millennium Park NAAS, County Kildare, Ireland $70,923.91 Estates of Joseph E. and Evelyn G. Corey, c/o Arlene Kaull 27 Willow Ave., Middletown, RI 02842-4930 $57,235.68 Carnegie Lot Holdings LLC 2701 Renaissance Boulevard, Fl 4, King of Prussia, PA 19406-2781 $51,760.51
David January 02, 2012 at 09:53 PM
MP and Shill, last I checked two recents presidents and many very successful people grew up with little financial means. They become successful in this great country. They had positive attitudes and likely were not jealous of others accomplishments. Maybe both of you should consider moving to that place on the planet that gives everyone a good job, nice house, bountiful food, boats, bikes, and ATV's. After all everyone deserves that, even negative, hateful, unproductive ignorant people, right?
The Shill January 02, 2012 at 09:58 PM
I bet they paid their taxes also what bothers me is you think it ok if you have money not to pay your taxes I pay my taxes they should pay theirs.
Thomas January 02, 2012 at 10:53 PM
If they cant afford it why build it ? I wish my taxes where 1500.00 a year. How is the Carnegie a huge success when they owe 1.9 million in back taxes. We are not talking about a small debt here. And once again the middle class like you say will suffer and have to make up the loss and pay for the funds. Is your last name Oneil by chance ?
Joe Sousa. January 03, 2012 at 03:59 PM
Dyna Super Glide and I'm back !
Just Another Taxpayer January 03, 2012 at 03:59 PM
Joey the Brain, thanks for welcoming people to live in Portsmouth. Since you are a Tiverton resident, worry about Tiverton.


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