AMHERST, N.Y. — Station Twelve’s owner and the Town of Amherst have reached a tentative settlement in a dispute over the property's assessment.
Petitioner Northtown Property Owner LLC in July 2023 filed a petition in state Supreme Court in Erie County that alleged that the town has overvalued the Station Twelve properties by at least $14.67 million, according to court filings.
Plaza owner WS Development, through the LLC, said the parcels at 3151 Sheridan Drive and 3055-3105 Sheridan Drive have a combined assessment value that does not exceed $6.59 million. But the town’s assessed value was $21.27 million — a 69% difference, according to the petition.
The parties on May 14 reached a tentative settlement for a “modest reduction” of the parcels’ assessed values, according to a Sam Alba, senior deputy town attorney.
Read more from our partners at Buffalo Business First.
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