David Brauer writes: "The Downtown real estate market is hardly "crashing.""
Vicky here: You have got to be kidding! A 30 - 60% drop in value is not a crash? The 5% drop in commercial tax collections is for which year? Based on my experience, it takes two years for the Court reductions to be reflected in actual collections. How many Court cases have been filed and adjudicated? You won't see the effect of these reductions until 2004 and 2005 collections. A few months ago, The Minneapolis Observer, published Targets tax reduction from $10 million in 1998 to $4 million in 2002. Who is making up that slack? And yes, Minneapolis taxpayers are on the hook for the Target debt. What happened to the $95 million for the Village at St. Anthony? Which developers received the $178 million of "loans" on the MCDA books? If Minneapolis has so much valuable real estate, where is all of the tax revenue going? Why aren't the rest of us enjoying the benefit of all of that extra money? Why are we not reducing our public debts? Answers now please. Vicky Heller North Oaks and Cedar Riverside REMINDERS: 1. Think a member has violated the rules? Email the list manager at [EMAIL PROTECTED] before continuing it on the list. 2. Don't feed the troll! Ignore obvious flame-bait. For state and national discussions see: http://e-democracy.org/discuss.html For external forums, see: http://e-democracy.org/mninteract ________________________________ Minneapolis Issues Forum - A City-focused Civic Discussion - Mn E-Democracy Post messages to: mailto:[EMAIL PROTECTED] Subscribe, Un-subscribe, etc. at: http://e-democracy.org/mpls
