Adam Bosch of the Times Herald-Record reports that the disintegrating Nevele Grande, once the pride and joy of the Borscht Belt, has just had its tax assessment cut by two-thirds:
The 433-room hotel had been valued at $15 million, but town assessor Mike Sommer said the assessment no longer made sense. After touring the hotel and studying appraisals, Sommer cut its value to $5 million on his tentative tax roll May 1.
"I did my due diligence and said I can't justify a $15 million assessment, especially because of the condition of the hotel," Sommer said on Friday.
Naturally, this means the town of Wawarsing is going to be getting a lot less in tax revenue from the ailing property's owner, Mitchell Wolff, who's trying to sell the Nevele.
Still making the rounds on YouTube, to our delight, is the catchy TV jingle used to lure vacationing families to the Nevele in the '80s (posted above):
At the Nevele
There's so much to do
Or don't do a thing
People do that too
You can have it all
And it's up to you
At the Nevele
