This was one of those stories that originated from what was supposed to be a pretty boring discussion about tax assessments. The Board of Mayor and Alderman were talking with the head assessor about the city’s tax base (zzzzz) when he mentioned that Elliot Hospital would likely ask for a non-profit exemption on a new, multi-million dollar medical building. That didn’t go over well with the aldermen, who are looking for tax relief where ever they can get it and expected a little help from this new development.
It prompted an investigation and the resulting data I featured in this article. Thankfully, I had the help of Mark Hayward’s great reporting, who landed a response from developer Dick Anagnost while I was out of town.
Hospital project’s tax bill questioned
Monday, March 21, 2011
By BETH LaMONTAGNE HALL and MARK HAYWARD
New Hampshire Union Leader
MANCHESTER — When Elliot Hospital pays its 2011 city property taxes on the new ambulatory care center at the Elliot at River’s Edge, it will only be charged for about 9 percent of the building.
The developer of the project, Bedford resident Dick Anagnost, said Elliot Hospital will claim tax-exempt status for most of the ambulatory care center. But subsequent parts of the development — such as a pharmacy and medical office building — will be subject to full property tax bills. Continue reading