Bruce Gaarder notes: "So it sold for $220,000,000. That should be good new for Minneapolis taxpayers. The taxable market value for 2004 taxes was $111,512,000 yielding a tax of $4,560,424.10."
Vicky Heller adds: A couple of pen strokes have increased the Minneapolis tax base by $144 million. Wow - the City didn't have to spend a penny either!!!!! The IDS Center was UNDER-assessed by $109 million; The Fifth Street Towers were UNDER-assessed by $34.9 million Very interesting indeed. Is this a new form of corporate welfare in Minneapolis? Even more intriguing is the fact that the Midwest Plaza building (attached by skyway to the IDS building) has dropped 50% in taxable/market value over the past five years to a current $8.9 million. True, it's smaller than the IDS, but it's not just a blip on the sidewalk. Too bad the head honcho Tax Assessor, Scott Renne, just retired. It would be nice to ask him about these (and many other) disparities. It would be nice to calculate how much money Minneapolis didn't bother to collect from the biggies over the years. I might have to spend some time down at the assessor's office. As Drudge would say: Developing....... 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
