Wednesday, November 13, 2013

A Follow-Up On Senior Living Complexes

At least this one will pay property taxes, although construction will be financed by tax-exempt bonds because the owner is a 501(c)(3) exempt private foundation (looked 'em up on Guidestar).   So we'll all still subsidize the complex, just more indirectly via tax-exempt bonds.   I guess it's no worse than subsidizing professional sports stadiums with government bond financing . . . Sigh.

John Colombo

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