CenterStage, Altria Theater Exempted From Real Estate Tax

From Style article:

Richmond CenterStage and its parent group ignited a minor furor in October when they revealed they owed $1.75 million in back real estate taxes and wanted the city to cover the tab.

Following a heated public hearing, City Council eventually consented to pay the bill. What was left unclear was whether the performing arts organization — which operates the Altria and Carpenter theaters — would begin covering its own real estate taxes.

As it turns out, that won’t be an issue because Richmond-area state lawmakers have CenterStage’s back. Both houses of the General Assembly passed legislation specifically tailored to exempt CenterStage from any real estate tax obligations.

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