tag:blogger.com,1999:blog-4679367111526265280.post6800481135414294842..comments2023-10-17T08:48:44.310-07:00Comments on Hoosiers For Fair Taxation: Memo to Peterson: Don't do another thing to screw with our city before you leave officeM Theoryhttp://www.blogger.com/profile/01892309818226431745noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-4679367111526265280.post-3322195532246284992007-12-10T08:59:00.000-08:002007-12-10T08:59:00.000-08:00Lifeline owner: Thanks for speaking up and we hope...Lifeline owner: Thanks for speaking up and we hope you will continue to let our readers know about the improvements you make to the property.M Theoryhttps://www.blogger.com/profile/01892309818226431745noreply@blogger.comtag:blogger.com,1999:blog-4679367111526265280.post-53462076949395819042007-12-09T12:29:00.000-08:002007-12-09T12:29:00.000-08:00Hello All. I am one of the owners of Lifeline and...Hello All. I am one of the owners of Lifeline and felt compelled to respond. To begin with, Bart and his administration got nothing out of the deal. We have been working on this piece of property since July, so it was not something that just got put together at the last minute. <BR/><BR/>Secondly, the way a tax abatement works we do not get a pass on current taxes. Lifeline will pay around $100,000 per year in property tax, which is the current bill. What is abated for a short time are the taxes on improvements. The current abatement is only for five years and it is my understanding that it is sliding where you first pay 20% of the tax, then the next year you pay 40% and so on until you are up to 100%. Also, we are still paying Indiana sales tax on the applicable improvements. <BR/><BR/>I grew up on the Eastside close to Eastgate so let me assure you it will not look like a "Federal Max Prison". You can go to our website and pull down the preliminary site plan for a look.<BR/><BR/>Finally, one last thing about the tax abatement: Eastgate is located in the Eastside Revitalization District. Any person or company that wishes to go into this zone and invest hard dollars can apply for the abatement and will very likely receive it. I would expect that the Ballard team would continue to honor this enterprise zone and probably create a couple more of their own in Marion County. <BR/><BR/>I hope this answers a few questions and feel free to ask any others.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4679367111526265280.post-84250383147518854582007-12-07T11:00:00.000-08:002007-12-07T11:00:00.000-08:00Thanks for the update. Please keep us informed. ...Thanks for the update. Please keep us informed. Our email is hoosiers.for.fair.taxation@gmail.com<BR/><BR/>Wonder what Bart's getting out of the back door of that deal. Do you have any idea? I would know nothing about this except for a blurb in the paper.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4679367111526265280.post-57248169680942347832007-12-07T10:43:00.000-08:002007-12-07T10:43:00.000-08:00It's a done deal. Lifeline Data will use the place...It's a done deal. Lifeline Data will use the place as super secure computer "warehouse" of sorts.<BR/>Picture how a Federal Max Prison looks and that may give you an idea of what Eastgate will look like. Very inviting don't you think.<BR/>Oh, and we don't get a dime in taxes for what could be 15 years.<BR/>Bart did what Bart has done all the time he's been in office.<BR/>You ever notice how these things are hidden until the deal's done?<BR/>Open government? Not in this town.Anonymousnoreply@blogger.com