David Stand writes: > Since the properties are currently off the tax rolls > due to nonprofit status of the Bill Graham > organization, the city will likey want to bring some > private sector businesses into these buildings or > upper end housing. This could help offset the > properties lost to the tax rolls by the St. Thomas > expansion.
I believe Billy Graham's enterprises make payments in lieu of property taxes - something several (but certainly not all) non-profits do. I don't know if the payment equals the commercial property tax rate, but the Billy Graham folks do deserve some secular praise for making tax payments when the law doesn't require it. David Brauer King Field - Ward 10 _________________________________________________________ Do You Yahoo!? Get your free @yahoo.com address at http://mail.yahoo.com _______________________________________ Minneapolis Issues Forum - A Civil City Civic Discussion - Mn E-Democracy Post messages to: [EMAIL PROTECTED] Subscribe, Unsubscribe, Digest option, and more: http://e-democracy.org/mpls
