Quote:
Originally Posted by bigguy1231
Leasing a floor in a building that you don't own is not the same as being the owner of the building. So if the city is leasing a floor in a building the buildings owner still has to pay property taxes.
On the other had if the city was the primary owner of the building as they would be in the case of an arena then they wouldn't pay property taxes since public entities don't pay property taxes.
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Is it clear the city would own the arena at Lime Ridge Mall, or just be a financial backer of it? Also, if the land is owned by CF and leased to the arena consortium (or directly to the city), what does that do in regards to taxes? That's why I drew the comparison to the city leasing a floor in a privately owned building.