Wednesday, January 11, 2012

Hearing on Assessment Appeal Set


Fort Frances town officials say it could be substantial, but it's going to be several months before they know the true impact of AbitibiBowater's appeal of its assessment of its Fort Frances mill.

The Assessment Review Board has scheduled a hearing by tele-conference on the matter for August 12.

The company, know operating as Resolute Forest Products, is seeking a roll back for the last three years.

Town officals say a decision favouring the company could mean having to give back a tax rebate of up to $3-million and the loss of up to $800-thousand  in future tax revenue annual.