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South Bend Redevelopment Commission <br />Rescheduled Regular Meeting -November 2, 2007 <br />6. NEW BUSINESS <br />A. Public Hearing <br />(5) continued... <br />MR. MANIGAULT: I would respectfully <br />disagree. The private sector is private <br />investment. What's lacking in our city is <br />private investment. We have too much <br />public investment in the City of South Bend <br />and that's one of the reasons our property <br />taxes are so high. We need to move some of <br />these properties off of the city's rolls and <br />back into the private sector where it's market <br />driven. It should be market based and market <br />driven. <br />MR. KING: You did get an answer to your <br />question earlier that these people do pay <br />property taxes. You understood that? <br />MR. MANIGAULT: I understood that. <br />MS. MAHONEY: But they're paying <br />property tax, and the Chamber of Commerce <br />has gotten it so that the industry pays less <br />property tax and private people pay more <br />property tax. Businesses have it both ways. <br />I'm not against business, but I'm against <br />private businesses running everything, for <br />instance Walmart. Walmart has destroyed so <br />many communities in this country. <br />There being no one else who wished to be <br />heard concerning Resolution No. 2384, Ms. <br />Jones closed the public hearing for whatever <br />action the Commission wished to take. <br />30 <br />