BANGOR – Bangor city officials are working diligently to determine if hollywood casino’s property will get an eight hundred thousand dollars tax refund.
As of today, City Hall has hired an attorney to review the real estate worth of the casino. Hollywood officials say it should be valued at close to sixty two million dollars.
City Assessor Phil Drew says it’s valuation is nearly at a hundred million dollars. Drew has until May 9th to make a final determination.
Representatives with the casino remain confidant a deal can be reached.