While I like this development, Edmond is kind of selling its soul for this. Won't every inch of this be exempt from property taxes?
I hope this turns out to be a high-quality development for LC and Edmond, though.
While I like this development, Edmond is kind of selling its soul for this. Won't every inch of this be exempt from property taxes?
I hope this turns out to be a high-quality development for LC and Edmond, though.
True, but it was mostly empty. Now they want to have 5 or 6 new buildings, which will take a toll on city infrastructure. And a hotel, which will not have to charge hotel and motel taxes, most likely. It is not anywhere near its purpose as a Church, and is bordering into taxable business income, which the church will have to pay tax on. Just my two cents.
They are a large nationwide non profit organization. The business offices will be for their own support operations. The hotel I expect will be for their own use for staff from around country coming into Main offices and for groups/speakers they host.
Not a life churcher or agree with their ways completely. Just stating my thoughts.
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