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DUSTIN GAWRYLOW: THE CITY OF BISMARCK IS ABUSING TAX EXEMPTION POWER |
I have had dozens of conversations with legislators over the years about these exemptions, the original intent was to incentivize developers to refurbish old, worn-down buildings and bring new businesses into downtowns. This particular project, as those in Bismarck know, was a brand-new multi-million dollar building. These sorts of condos are well out of the reach of the average citizen, and providing tax breaks to make it easier for developers to sell them was not the intent of the these laws.
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