Stewart’s Shops says new store would generate more tax revenue for Watertown
WATERTOWN, New York (WWNY) – A public hearing will be held for residents to tell Watertown City Council their views on a proposed new gas station and convenience stop that Stewart’s Shops wants to build on the corner of Washington. Street and Flower Avenue East.
This requires a rezoning as a parcel of land on Flower Avenue East is required to join the corner lot.
Stewart’s wants to build a bigger store there, moving the smaller store it currently has to Washington Street, near the school’s campus.
The change was met with some resistance from residents concerned about increased traffic and litter and worries about property values. Stewart is now showing people what the new store would look like on the site.
In making its case, Stewart’s claims Watertown will make more money in taxes.
Currently, the 4 plots involved in the deal are reported to be valued, collectively, at $207,000, with a total tax bill of $5,300.
Using its valuation of the Stewart store on Mill Street in Watertown, which is over half a million dollars, the company says its projected tax bill will be nearly $14,000, meaning the town will receive $8,600 more per year in taxes on Washington Street. and the Flower Avenue East project.
The public hearing is scheduled for March 21.
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