Actually- taxpayers would take a dual hit: the site would get property tax abatements for 15 years and shoppers would pay a higher sales tax in the stores the developer builds forever.
Just another reason to shop on the Internet!
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Monday, April 11, 2011
MetroRegion K.C. News: St. Joseph Pollys Set To Give Developers Taxpayer-Provided Welfare On "Prime" Retail Property
It seems that it won't be long when the ONLY ones paying property taxes will be home and small business owners...
The ST. JOSEPH (MO) NEWS-PRESS reports that St. Joe pollys will soon be approving taxpayer-provided welfare to developers of what the SJNP story calls "a prime piece of vacant retail real estate" in that northwestern Missouri city.
That property is at the northwestern corner of the intersection of Cook Road and North Belt Highway in northern St. Joseph.
Actually- taxpayers would take a dual hit: the site would get property tax abatements for 15 years and shoppers would pay a higher sales tax in the stores the developer builds forever.
Actually- taxpayers would take a dual hit: the site would get property tax abatements for 15 years and shoppers would pay a higher sales tax in the stores the developer builds forever.
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3 comments:
I know the developer of this project and as I post here things are getting off the ground in St Joe to block this raping of the St Joseph taxpayers.
This is an idiotic development to say the least and only the developer will walk away with money in their pocket. Meanwhile the taxpayers will still be empting their pockets.
Chapter 353 Tax Abatement is an incentive that can be utilized by cities to encourage the redevelopment of blighted areas by providing real property tax abatement. This how they are trying to pull this off and I have a very good close friend who lives right on top of this area and blighted is the last thing this area is.
In fact property taxes have gone up.
Maybe a fitting name for this project would be Banister Mall North.
And we all know how that ended.
"Maybe a fitting name for this project would be Banister Mall North."
Geez SD- didja HAVE to use an example so close to home?
;)
Sorry
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