Jeremy Comment

Link To Lease For Polar Park

 


Click here


Read pages 43-44 of the actual lease 




Posted link to lease in response to this post:



I’m betting that they designed the Deals specifically so that no real estate taxes have to be paid by the ballpark owners or Dennis Dowdle. This is done by structuring the occupancy as a management contract or a concession contract instead of a lease. A lease is an interest in real estate in an interest in real estate is taxable, even if the owner is a tax exempt entity. Think of a cafeteria in a tax exempt college which is run by a private catering company as a concession. Mezcal and Luciano’s are apparently not in the old boys TIF/giveaway club so they were not allowed to structure their deals that way. They were treated like the rest of us average taxpayers having to pay there their share. Actually, since it is the commercial rate it is more than twice as much as their fair share. I wonder how much real estate tax money was given away by the city on the ball park in the Madison properties development?

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