Vickie Heller: The StarTribune hasn't had a property tax increase. In fact its headquarters building taxable valuation has dropped.....despite the LRT station's arrival......
Steve Brandt: As Ronald Reagan would say, there you go again... Yes, the Star Tribune's estimated market value has dropped for its headquarters building. It has also dropped for the company's other office building next door. It has also dropped for 225 S. 6th, one of the city's tallest office towers. And it has dropped in general for office buildings downtown. The reason is no mystery, since it has been discussed in detail on this list. A surge in vacancies reduces building income, which prompts the owners to appeal their income-stream-derived assessments, and creates a general downward valuation of valuations. I supposed we could pick out any one of those buildings, and imply that it is getting favored treatment because its value dropped. But that would be taking facts out of context, and most folks on this list are above that. Steve Brandt Star Tribune REMINDERS: 1. Be civil! Please read the NEW RULES at http://www.e-democracy.org/rules. If you think a member is in violation, contact 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 Civil City-focused Civic Discussion - Mn E-Democracy Post messages to: mailto:[email protected] Subscribe, Un-subscribe, etc. at: http://e-democracy.org/mpls
