Business & Tech
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.
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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.
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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 $51,760.51Get more local news delivered straight to your inbox. Sign up for free Patch newsletters and alerts.
