Town Treasurer predicts no impact unless the site stays shut for a while.
While Belmont Center – and the town – will be losing its largest retail presence when Macy's closes its doors for the final time in less than two months, there will be no impact on tax revenue coming into the town's coffers in the short term, said Belmont's chief tax collector. "Just like any property, it doesn't matter if it's occupied or empty, the landlord (Kevin Foley, the manager of Locatelli Properties) is responsible for paying the tax," said Floyd Carman, Belmont's Town Treasurer. In fact, it will be the state that will feel the pinch with a drop in sales revenues, said Carman. He said since Macy's did not have an in-store restaurant or cafe – which the Filene's that occupied the site before the transfer to the Macy's name once …
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Macy's
75 Leonard St, <span class='street2'>Belmont Center</span>, Belmont, MA
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Treasurer & Tax Collector
19 Moore St, Belmont, MA
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After more than 70 years on the site, center to see the end of retail presence.
After anchoring retail in Belmont Center for more than 70 years, Macy's Inc. announced today, Jan. 3 it will be closing its Belmont store. Rumored to be on of verge of shutting down for more than a decade due to its size – one of the smallest of the 800 Macy's in the continential US at 75,000 square-feet (the Macy's at the nearby Burlington Mall is 255,000 square feet) – and location, that official word came in a press release issued this morning in which the company announced a number of closing and expansions across the country. Calling it a "detailed a series of normal-course adjustments to its portfolio of Macy’s and Bloomingdale’s stores," Macy's CFO Karen M. Hoguet said that today's actions "leads us to open new stores where we see …
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Macy's
75 Leonard St, <span class='street2'>Belmont Center</span>, Belmont, MA
/articles/breaking-macy-s-to-close-belmont-center-store
157059
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Enrique Cortés
4:03 pm on Monday, April 29, 2013
So sad to heard Macy´s is closing, every time I go to Boston, I had to make a stop to that store. Women Department most of the time didn´t had go clothes, for men was different, I had a few clothes from that Macy´s last time I went, was December, 2012 I got a very nice jacket for a good price. I live in Mexico City, mya sister lives in Belmont with her family and we went very often there I know … more ›