“We’re being taxed for the building that isn’t built here, because the county wants another high rise,” he said.
He said he understands where the city and county are coming from.
“That’s more taxes for them. It’s the role of counties and cities to make as much money on taxes as they can to run their government. I don’t deny that. I support that,” said Stephensen.
Neighboring high rises, including Lenox Plaza, Lenox Towers, Monarch Plaza and the Ritz, valued in the tens of millions, bring in substantial six to seven figures of tax revenue. Stephensen’s tax bill was just under $90,000 for 2012.
“They kindly have taxed me as if I was a high rise and said, ‘If you don’t like it, get out.’ That’s not a quote, but that’s basically a feeling I got from the county,” he said.