Congratulations are in order for the Winona City Council in their forward thinking, which may now assist us in
weathering state reductions.
The importance of the development of our new east end commercial area from the seed money they
approved and which provided the 1/2 cent Sales Tax investment from taxpayers
into the lake dredging provide some important resources as other revenues
decline. That investment created 70 + acres of prime commercial value
land worth far more than the original taxpayer investment possibly as much as
$7,000,000 when returned to the city as parcels are sold and
property taxes come in. In addition, the increased property
values of the real estate on Mankato from Sarnia to Highway 61 as they are reclassified from residential to commercial and with the new and much
higher market sale values will be reflected in the property taxes they will pay. Add to
that the new Menards, the employment, sales and property taxes they will
generate and the construction jobs created in the new construction all along
Mankato.
Clearing up the muck was more than luck!
Paul Double
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