WBJ Brad Kane In This Issue: Extra Scrutiny for Polar Park

Lease With New Owner oF The WOOSOX

Question

 

Would the new owner be able to take over all the terms of the current 30 year including not having to pay property taxes???


 

 


 

 

 
 

 

Comments

Anonymous said…
Why don't they pay property taxes?
Anonymous said…
Check this out... Google "DL 5560" or "Endeavor Air 5560"

Looks like Delta is flying from Charlotte, NC to ORH today.

LGA flight canceled.

https://flightaware.com/live/flight/EDV5560/history/20220107/1425Z/KCLT/KORH

https://www.flightstats.com/v2/flight-tracker/9E/5560?year=2022&month=01&date=07&flightId=1080851160
Anonymous said…
Even on Delta website: https://www.delta.com/flight-status/1/5560/2022-01-07
Anonymous said…
The LDA excludes Madison from paying real estate taxes on the garage being leased. How can the City exclude someone from paying taxes? The lease terms of $178,000.00 per year on a 340 space garage seems low as well.
Anonymous said…
Zero taxes! The ultimate TIF !
Anonymous said…
One last thought regarding the garage. Fletcher/Russo/Obrien spent millions of dollars to acquire property to support parking needs in the Canal District and pay taxes on the properties. The City builds a garage and will lease it to Madison who will not pay taxes Does this seem legal/logical or right?
Anonymous said…
Larry Lucchino leads a group of investors, rich guys, to buy the PawSox for $25 million. Six years later Worcester builds them a $175 million ballpark gives them a favorable lease and does not require them to pay taxes. Then a company offers them $50 million (the initial offer is probably low balling it) to buy the team but the owners reject it. Lucchino says the team will eventually be sold. When it happens it surely will be for more than $50 million and these investors will profit at our expense. I hope the City realizes this and has protections in place.