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South Bend Redevelopment Commission <br />Regular Meeting - February 18, 2000 <br />6. NEW BUSINESS (CONT.) <br />b. continued... <br />now is have a significant increase in <br />hospital activity, which would not be <br />taxable,1 believe. Therefore, you <br />would have to put in a lot ofpublic <br />infrastructure. Hopefully, you will <br />have enough money to capture it. <br />Since you don't tax the hospital, it's <br />all the rest of us in that area that will <br />have our taxes.... .. <br />Mrs. Kolata stated "The study that <br />you are referring to, if it is the one <br />that I'm familiar with, has shown <br />that the growth in the area as a <br />whole has benefitted from use of TIF. <br />The hospital itself is not a property <br />taxpaying entity. That much you are <br />correct on. The office buildings, <br />which are considered primarily <br />private uses, are taxed; therefore, <br />they become part of the tax <br />increment. To the extent they <br />improve the Trauma Center that <br />won't pay property taxes, but this <br />building (100 Navarre Place) has <br />even been granted tax abatement as <br />well. It will be paying taxes that will <br />be captured as increment. If they do <br />other similar types of office buildings <br />that are considered private uses, they <br />would pay taxes and that tax <br />increment would go to pay for <br />structural improvements to the area. <br />I think you're right that we see it as <br />a, hopefully, somewhat short term <br />need to capture the tax increment, <br />-23- <br />