Tuesday, February 05, 2008
Some Lite Reader-ing
Via our old friends at The Cub Reporter, a story from the Chicago Reader on the scam taht is the sale of Wrigley Field.
A huge point that was not considered here was the issue of property taxes. Currently, the Tribune pays property tax on Wrigley Field. By selling the stadium and adjacent land to the state, over $1 million per year (increasing annually) could be saved in property taxes.
Why is this a big deal? Well, when the school down the street has a budget shortfall and taxes are increased, why should John Canning (who just made $1 billion today) or Mark Cuban not have to pay their fair share of the increase?
The more you read, the more the bile rises.
Subscribe to Posts [Atom]