Mall of America wants tax break extended

  • Article by: MIKE KASZUBA , Star Tribune
  • Updated: March 22, 2012 - 10:58 AM

House GOP bill would extend a property tax break for 10 years and help the mall build a long-delayed 2nd phase.

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sharkysharkMar. 21, 1210:33 PM

Mall of America has been a parasite on the taxpayers of Bloomington for far too long already. The low-paying menial jobs it provides are no compensation for the increased load on police and other city services that are required. The Mall isn't going anywhere, there's no reason that they shouldn't be paying the homeowners back for the sweetheart deal they've had all these years.

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halfabubbleMar. 21, 1210:49 PM

I don't like tax breaks for sweetheart deals, but this article is mis-informed. TIF Districts do not give the mall a sweetheart deal. TIF Districts redirect the property taxes from the general fund of both the City and the School District to pay off bonds issued to redevelop the land or to make the land re-developable. So MOA isn't getting a sweetheart deal of lower property taxes just because they're in a TIF district, but the extension of a TIF district for 10 years is kind of hogwash. If the bonds have been paid off, that property tax money needs to go to the city and the schools. The property to the north of the Mall has been "proposed for development" since MOA opened and I am not certain that there is much more that a TIF district could or should do to re-develop that land.

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gjacobMar. 21, 1211:14 PM

Why is it that all the proposals that are supposed to create "jobs" are close to minimum-wage jobs? I'd rather see the money go to create meaningful employment.

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diogenesnyMar. 22, 12 6:46 AM

The Mall of America needs to take care of its existing vacancies before considering a big new expansion - and they should be able to finance it themselves.

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jcinmnMar. 22, 12 7:17 AM

What is an expansion going to do for MInnesota? MOA is still the largest shopping mall in the U.S. and is never 100% occupied. The MOA put hundreds of strip malls out of business and diverted retail sales from every community in this area to Bloomington. Then it requested the Hiawatha Line to facilitate shoppers' movement from these communities to MOA so it could take more business away from its neighbors. Now it wants to expand to take away the rest of the business away from its neighbors. Let's just sell the property to Walmart and give MOA the competition it deserves

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mn_cameraMar. 22, 12 7:56 AM

How about government services breaks, then? They don't want to pay taxes, let them have their own police and fire departments, provide their own water, and so on.

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jackpine091Mar. 22, 12 8:06 AM

More corporate welfare.

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wallyworldmnMar. 22, 12 9:41 AM

halfbubble - The TIF funds (paid by diverting the taxes paid by the Mall) would turn around and go back to the Mall in the form of subsidies to do projects that benefit the Mall. So it is a free ride when they get things paid for that most businesses have to pay themselves or do without. Where TIF works well for a city is when the improvements benefit the overall city conditions where no other realistic means exists to accomplish the work. Bloomington already has a ton of what the Mall is asking for and it needs to be paid for by the Mall. The Senator is correct on this one and it is NOT a party line issue. You need to understand how TIF works.

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basia2186Mar. 22, 12 9:44 AM

Ummmm...NO! Poverty level jobs, crime, great cost to taxpayers for multiple public services? Pay for it yourself.

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Mister_EMar. 22, 1211:17 AM

More funding for billionaires? The GOP will pass it for sure.

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