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Sinatra & Co to pay over $800,000 in back taxes

Posted: 1:47 PM, Apr 12, 2018
Updated: 2018-04-12 17:57:45-04

Sinatra & Co, a Buffalo based real estate company, had failed to pay over $800,000 in taxes over the past two years. The company says they had intentionally skipped multiple payments as they were looking questioning the assessment of multiple properties. This amount added up, and the Public Accountability Initiative had tallied all of the outstanding payments here .

Speaking with 7EWN a Sinatra spokesperson said all of the payments will be made in full by April 20th, and no properties will risk foreclosure due to the promptness of the payments. 

The findings that Sinatra had not paid taxes on over 40 properties comes at an interesting time for the company. They are part of the group looking to redo the old Children's Hospital on Bryan Street, and were looking for tax exemptions on the project. Erie County Executive Mark Poloncarz wants Sinatra to know that no exemptions will be made until every debt is paid. 

"He shouldn't even submit an application if he (President Nick Sinatra) owes a penny," Poloncarz said, "He's not going to get a penny in tax breaks if he owes a penny in back taxes, it's as simple as that."

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