701 West Broadway Market Value: $3,638,000 (up from $3,025,000) Property Tax: $148,408 (4.1%) 313,487 square feet of land
1000 Nicollet Mall Market Value: $54,500,000 (down from $62 million) Property Tax: $2,244,464 (4.1%) 71,508 square feet of land 600 1st Avenue North (Target Center) Market Value: $43,960,000 Property Tax: $0.00 127,999 square feet of land Interesting that the market value on West Broadway has increased while the market value on the Nicollet Mall has decreased. When Target disposes of this property, I hope the buyer is told that property taxes are expected double over the next 5-8 years. The falling value of the Nicollet Mall site should be a major concern to Minneapolis taxpayers. When asset values fall, the corresponding debts don't fall with them. Minneapolis taxpayers guaranteed payment of the debts. In return for NO property tax payments, every taxpayer in Minneapolis should get free Timberwolves tickets, not just politicians. (Ditto for Guthrie Tickets.) Vicky Heller, North Oaks TEMPORARY REMINDER: 1. Don't feed the troll! Ignore obvious flame-bait. 2. If you don't like what's being discussed here, don't complain - change the subject (Mpls-specific, of course.) ________________________________ Minneapolis Issues Forum - A City-focused Civic Discussion - Mn E-Democracy Post messages to: mailto:[EMAIL PROTECTED] Subscribe, Unsubscribe, Digest, and more: http://e-democracy.org/mpls
