[Mpls] Allina won't pay Property Taxes - follow-up post

Jeanne Massey jmassey at tcq.net
Thu Feb 19 13:13:18 CST 2004


At the end of my recent post, I said:

Bottom line: I'd like to see a balance sheet from the City showing net
benefit/loss to the community for the Allina headquarters project.  What are
the public dollars going in (property tax relief and beyond [e.g., for Ryan
to development the site] and what are the expected returns over a 5-10 year
timeline?

I add:
I should say over a 20 year timeline, as that is the period of the property
lease and tax forgiveness.

Jeanne Massey
Kingfield



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