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The Day - New London grand list rises by 1.39% - News from southeastern Connecticut


Published March 16. 2021 4:52PM | Updated March 16. 2021 10:10PM
New London  The city’s grand list of taxable properties grew by 1.39% as of Oct. 1, 2020, helped along by increases in the value of commercial and residential property, motor vehicles and personal property.
The overall 2020 net taxable grand list totaled $1.51 billion, up by $20.7 million from a year prior, when the grand list rose by 2.95%.
Net taxable real estate increased by $9.24 million, a 0.75% increase. Taxable personal property grew by more than $4 million to $155.2 million, an increase of 2.7%. Motor vehicle values rose by 6.6% to $119.5 million.
Tax-exempt properties totaled $942,995, a 1%, or $10.1 million, drop from a year prior.
New London s top 10 taxpayers, which remained the same from a year prior, had a combined net assessed value of $242.4 billion. Electric Boat real estate holdings make up 4.38% of the city s total grand list. ....

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From the Archives, 1959: Famed Southern Cross Hotel approved in Melbourne


From the Archives, 1959: Famed Southern Cross Hotel approved in Melbourne
From the Archives, 1959: Famed Southern Cross Hotel approved in Melbourne
December 22, 2020 — 10.13am
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99-Year Lease for Company
The City Council yesterday approved a proposal by Pan American Airways to build a £5 Million Hotel on the Eastern market site.
Judy Garland at the Southern Cross Hotel, Melbourne.
Credit:Staff photographer
The hotel, to be named the Southern Cross, will be 18 or 19 stories high.
After the council decision the Lord Mayor (Cr. Bernard Evans) said: “This is the greatest Christmas present we could have.“
“In one year we have negotiated successfully on two sites that have been a great worry to us – the Eastern and Western markets,” Cr. Evans said. ....

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