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Sarcofaygo t1_jdngvpb wrote

Reply to comment by fishythepete in Providence Place Mall in Flux — Another Store Closing, New Restaurant Coming, and More Changes by L0v3_1s_War

>All I got out of this article is that the mall currently pays $500,000 / year in taxes when their bill should be $25,000,000.

If that was their bill the mall would close down and suddenly the yearly payment would be $0/year in taxes

Now if you had said $1,000,000 or so, that's a more reasonable proposition

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fishythepete t1_jdnkf2g wrote

>If that was their bill the mall would close down and suddenly the yearly payment would be $0/year in taxes

  1. That’s not how property taxes work

  2. If having to pay taxes at the same rate as every other business makes the mall non-viable, maybe it’s time for a viable business to take its place.

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Proof-Variation7005 t1_jdss5hn wrote

That mall is paying a million now. GoLocal sucks. The latest proposal is shifting the bill to around 4.5 million. Not sure where it stands

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