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Downtown hotel sues Charlottesville over tax bill

CHARLOTTESVILLE, Va. — A hotel in downtown Charlottesville has filed a lawsuit accusing the Virginia city of overcharging it nearly $100,000 in taxes.

Charlottesville’s City Council last week unanimously voted to allow the city attorney’s office to retain outside counsel to assist with the case, The Daily Progress reports.

The Omni Charlottesville Hotel’s lawsuit claims the city erroneously assessed the property at over $46 million for the 2020 tax year when its fair market value was approximately $36.7 million.

The hotel sued the city in Charlottesville Circuit Court. The seven-story, 205-room hotel has been open since 1985.

Asian shares mostly fall and US futures are little changed after US inflation data improves

BANGKOK (AP) — Shares mostly declined Friday in Asia and U.S. futures were little changed after U.S. inflation data showed a better-than-expected improvement in July. Oil prices were holding steady after slipping in recent days. Tokyo's Nikkei 225 index gained 0.3% to 68,533.85, while the Kospi in South Korea rose 1.3%, to 6,924.74. In Hong Kong, the Hang Seng lost 1% to 25,137.87. The Shanghai Composite index was 0.5% lower at 3,908.05.
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