A Bexar County arbitration panel rejected arguments by Lowe’s Home Centers to value some of its San Antonio area stores as if they were empty instead of functioning businesses, according to a seven-page decision issued Wednesday.

It’s an argument the North Carolina-based company has successfully used in Michigan and Indiana where major retailers have driven down property values and tax revenue. City officials say a victory for Lowe’s could cost area taxpayers more than $272 million over five years if the home improvement retailer wins.

Read More…http://www.expressnews.com/business/local/article/Panel-sides-against-Lowe-s-in-Bexar-County-10854394.php