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Sun Micro campus reassessment coming

Original post made on Sep 17, 2010

Menlo Park residents often have more questions than answers, but at least one question can now be put to rest: the San Mateo County Assessor's Office confirmed that Oracle's purchase of Sun Microsystems qualifies the campus at Willow Road and Bayfront Expressway in Menlo Park for a reassessment of its property value.

Read the full story here Web Link posted Wednesday, September 15, 2010, 12:00 AM

Comments (2)

Posted by another question, a resident of Menlo Park: Central Menlo Park
on Sep 17, 2010 at 7:58 am

So if the extra tax revenue goes into the redevelopment area fund, what is the city going to do with it? Belle Haven seems pretty well "redeveloped." Are there other areas of the redevelopment district in need of projects waiting for money?

Posted by WhoRUpeople, a resident of another community
on Sep 17, 2010 at 9:01 am

I think you're (another question) more likely to see a reduction in the assessed value of the property, not an increase. Thus rather than pondering where one might spend some extra tax revenue, the City should be (likely is) developing a contingency plan to trim spending due to a shortfall in earlier revenue projections.

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