@bryanpazhernandezny: Representatives of EKG Group, the developers behind the proposed Kenwood Data Center project in Albany, have disclosed details of a property tax settlement with the City of Albany that they say reduced the property's assessed value from $18 million to $3 million, a staggering 83% reduction. Under the terms described by EKG Group, the property's assessed land value has been reduced to $3 million and will remain fixed through 2031, a very, very sweet deal for them. The developers said the agreement was negotiated directly with the city. The developers wrongfully argued the new $3 million assessment was a more realistic reflection of the property's fair market value. #KenwoodDataCenter #Datacenters #Albany #AlbanyNY #propertyvalue