Quote:
Originally Posted by the urban politician
NMLI is loaded, and they are asking the city for $48 million to help them finance this new tower?
That is ridiculous...
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It's a loan that will be paid back in property taxes. NML is spending all the money up front, not getting anything. And give NML credit. They could have just gone to their Franklin campus where it's cheaper to build.
Also, some of the property taxes from the new building will go towards the
Lakefront Projects which is huge for future development, walkability and connecting downtown and the Third Ward.