January 10, 2021 04:00 AM
Property owners hope for tax relief as values drop, but the pandemic isn t grounds for an appeal yet
Michelle Jarboe/Crain s Cleveland Business
Concord Hospitality Enterprises, which manages a handful of Cleveland-area hotels including the Hampton Inn downtown, is among the property owners hoping for some tax relief in the midst of the coronavirus pandemic.
Commercial real estate owners could file a flurry of property tax challenges this year, spurred by the pandemic and public health restrictions that have been particularly painful for hotels, shopping malls, restaurants and event facilities.
Without state intervention, though, those appeals have long odds of success.
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