Daily NAPTA Update 12.13. 2023

Posted by Diane Macri | Dec 13, 2023 | 0 Comments

Macy's gets $5.8bn buyout bid amid struggles with online competition

Daily Mail

Macy's has received a $5.8bn buyout bid from an investor group valuing its shares at just $21 as the legacy bricks and mortar retailer struggles against online competition, a source has claimed. A group made up of Arkhouse Management and Brigade Capital has put in an offer to take the New York-based department store chain private, according to a person familiar with the matter. 

Fulton property appraisal challenge could curtail developer tax breaks


The complicated way local governments provide property tax breaks to businesses and developers is facing a new challenge in Fulton County, which could upend a powerful business incentive that critics contend is too loosely granted and costs Georgia taxpayers hundreds of millions of dollars per year. The lawyer for a Fulton County resident contends the county's Board of Assessors isn't properly appraising properties subject to tax breaks granted by local development authorities, acting instead as a “rubber-stamp” for the deals.

76-year-old Celina man driving truck to pay sky-high property tax


A 76-year-old Army veteran and former Dallas firefighter has unretired and is now driving a rock truck twice a week in Collin County to pay off a skyrocketing property tax bill for a meager piece of land in Celina that is too sentimental for him to let go. It's the dark side of the real estate boom in North Texas -- first showing up to Billy Pell's door in 2022. Pell gets straight to the point when you talk to him.

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