Legislation being sought to tax long-term leaseholders at Fort Monroe
The bill, filed last month by state Sen.
The Fort Monroe
Fees that the
The authority manages the 565-acre property, some of which is owned by
Fort Monroe has roughly a million square feet of commercial building space and other acreage it seeks to lease to private developers, officials announced last spring.
"As we transfer property into long-term leases ... with developers, they would be responsible for the repairs and upkeep ... and responsible for the
With the long-term lease structure, the developer would be responsible for all expenses and operations, insurance and real estate taxes,
If the bill is approved, the change would allow the city to assess the property at the same rate it does other properties, he said. The authority reserves the right to choose which leases it submits to
City Manager
There is also existing law that handles long-term leases in the state, but because Fort Monroe is unique, long-term leaseholders should be dealt with differently than the rest of the state, she said.
The grounds where the building sits are still owned by the Army, Oder said.
Directly taxing leaseholders will help to reduce the overall fees the authority would need to give to
In 2018, the authority received
In Gov.
The bill would need approval in the
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