Vicky writes:
> I hope that there are a few people left in Minneapolis who haven't
abandoned
> their principles to keep their property taxes low.
>
> Former Council Members Minn and Cherryhomes prance into the MCDA with
> documents showing that their Stone Arch project is worth $33.5 million.
Of
> course, they were after total public financing, which they got, including
> $3.5 million of TIF money from Minneapolis.
>
> Now that the project has been built, it's only worth $19 million - for
> property tax purposes.
>
> Anyone else see a problem here?

Dorie writes:
Yes, I do and I did at the time they pranced into the City Council. It is
business as usual in Minneapolis. Why this continues is beyond
comprehension. Jim mentioned Crown Mill...don't need to look across the
street! We would have lower property taxes if we were not giving money away
faster than we make to developers.

dorie rae gallagher
nokomis
>
.org/mpls

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