By: Diane Benjamin
The Motel 6 is being torn down to make way for yet another restaurant. Last year they paid $38,462.80 in property taxes. The taxable value was $451,106 meaning the market value was about $1.5 million. http://mcleanil.devnetwedge.com/view/RE/1426179019/2015
It gets worse.
A local CPA wrote an email to all the elected in Bloomington this morning about the Normal giveaway. Carl Woodward has been a CPA for decades. In the interest of truth, I worked for Carl a few decades ago. Below is Carl’s email:
Normal will end up losing sales tax money because people will go to Portillos instead of one of the other restaurants within a block or two. The Normal Council thinks this is new money – most of it won’t be.
Carl also spoke at the last Bloomington City Council meeting about the TIF north of downtown. Later in the meeting Tari implied he didn’t know what he was talking about. (Poly-Sci Professor vrs CPA. Sure Tari.)
See Carl’s comments here – just hit play. Fast forward to 1:09:51 to hear Tari’s comments. It may have been a slip, but he claimed Wesleyan owned the property Bloomington paid for.