Report: #1050799

Complaint Review: McCormack Baron Salazar

  • Submitted: Tue, May 14, 2013
  • Updated: Tue, May 14, 2013
  • Reported By: Taxpayer — New Haven Connecticut
  • McCormack Baron Salazar
    720 Olive Street
    St. Louis, Missouri

McCormack Baron Salazar St. Louis Developer Rips off Taxpayers Out of State St. Louis Missouri

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McCormack Baron Salazar is a large real estate developer who promises the moon, demands many taxpayer subsidies and then welches on them. The firm currently owes Connecticut taxpayers some $100 million - some to a state finance agency, some to strapped New Haven taxpayers. After 15 years of reduced taxes and lowe interest rates, the firm is now demanding it get forgiveness of debt, property taxes reduced even more and selling the property to a new entity with more tax credits. This is a ripoff of taxpayers and it's being a piker on its debt at the public's expense.

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