| Location |
1265 Scottsville Rd, Rochester, NY 14624 ![[Directions]](/wiki/dd_start.png "Click for driving, walking, or bus directions from Google"){kind=small} |
| Phone |
| 585 464 9400 |
| Website |
![[WWW]](http://rocwiki.org/wiki/eggheadbeta/img/sycamore-www.png){kind=small} http://www.wilmorite.com/ |
The Wilmorite corporation is a local property development and management company.
It is a controversial company, founded in 1950 by brothers James P. Wilmot and William F. Wilmot, that had at one time owned a significant portion of our area malls. Properties under their control had included: Eastview Mall, Eastview Commons, Greece Ridge Mall, Marketplace Mall, and Pittsford Plaza. They sold out of their area malls for $2.33 billion April 25, 2005.
They are largely responsible for the recent casino proposal. The company has been accused of pushing this proposal in order to escape paying taxes on a downtown property, the Sibley Building. Had the casino been built, transferring the property to a reservation title in the process, all back taxes would have been forgiven by the state. There are over $11 million in back taxes, delinquent loans, and late fees owed on this property.
"The folks who own and operate that building are, by and large, the same folks who own and operate Wilmorite," said Deputy Commissioner of Finance Stephen Gross. However, the preceeding quote does not refer to the Sibley Building as owned by Rochwil. In fact, it refers to an entirely different city. Stephen Gross worked for the city of Syracuse where the Syrtel company owed $2,557,699.93 in back taxes, as of 1998.
In defense of Wilmorite, taxes are based on the values of their properties as assessed by local government. These valuations can be highly inflated. Having the liability of all their holdings directly beneath the Wilmorite name would be a suicidal business approach. With such high risks, fewer corporations would have interest in investing in high risk properties, something vital to any developing area. If Rochwil does not agree with the assessed value of its properties, it is something to contest in a court of law.
