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As far as we can tell they hold title to two properties
- 149 Washington Street 280,000 assessed $4,499 annual tax bill
- 115 Madison Street 711,600 assessed $12,429 annual tax bill
Between the two under $17,000 per year... These are the properties that are suppose to be generating the extra tax monies in the DIF to pay for the ballpark???
Oh boy!!!!
Oh boy!!!!
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No TIF. No taxpayer money whatsoever.
Not in the ballpark DIF so its taxes go to the city's general fund. Which general fund appears to be needed to support the ballpark after all. I hope that is not true or is short-lived and the taxpayer funded/supported with TIFs galore development actually happens.
And the project did indeed demolish all of the old businesses and rebuild and expand them and added two new ones, all before the first of the Ballpark DIF projects started (except for the garage)