Wednesday, February 28, 2007

Mall of America Wants $234 taxpayer millions

Let us hope the politicians in MN are not this stupid...what is the Mall of America going to do? MOVE!! In the name of all that is holy, we hope MN taxpayers don't get burdened with this humongous boondoggle of corporate welfare.

Link

This year, the megamall wants $181 million from state taxpayers to build an 8,000-space parking garage. That's the centerpiece of a package of state and local subsidies worth about $234 million, money the Mall of America says it needs for a $1.9 billion expansion that would double its size.

Last year, state legislators didn't vote on a measure that would have redirected more than $200 million of its future property tax bill toward construction. This time, the mall wants city and state taxpayers to share the burden.