RCL Investments faced the Waukesha Board of Review on July 11, 2025, to contest the assessed value of their property located at 222 Arcadian Avenue. The property, classified as commercial, currently holds an assessment of $30,000,092,900, with land valued at $819,600 and improvements at $3,011,200.

During the meeting, the Board outlined the process for the hearing, emphasizing that the property owner, represented by Jay Clean, would present their case first. The Board made it clear that the burden of proof lies with the taxpayer to demonstrate that the current assessment is incorrect and to propose a specific alternative value.

The Board of Review reiterated that they are legally bound to uphold the assessor's valuation unless compelling evidence is provided to support a different figure. This sets a high bar for RCL Investments as they prepare to argue for a reduced assessment, following an adjustment made during the open book period that lowered the value to 3.9.

As the hearing progresses, both the property owner and the City Assessor will have opportunities to present evidence and question each other, ensuring a thorough examination of the assessment. The Board is expected to deliver their findings before the conclusion of the meeting, making this a pivotal moment for RCL Investments in their quest for a fair property valuation.