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Nov 28, 2015
9:15:30am
Monomachos All-American
Orem city council gave them a huge tax benefit - no increase in
property taxes even as the property value increases because of all the new buildings. Something like $50 million, IIRC. The city justified it by claiming that w/o the taxbreak, Woodbury would have built elsewhere, but that is hogwash since, as you pointed out, Woodbury already owned the land and in their eyes the goal is to save the mall and increase the revenue from their own land. Orem City could have made a much better deal than it did.
Monomachos
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Monomachos
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