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Reeling from the reval
Retail property owners deal with sticker shock
Alec Polites said it's like hitting a man when he's down. Having slashed rents to hang on to tenants in his struggling shopping center on East Independence Boulevard, he couldn't believe his eyes when he received his 2011 revaluation from Mecklenburg County's assessor's office last month. The tax value for Independence Park, which is divided into three parcels, ...