Property Taxes Still Not Paid for Dublin Square // Eliot Singer

Dublin Square building - East Lansing

According to City of East Lansing Assessment and Tax information, 327 Abbott Road, LLC, has yet to pay its summer 2018 real property taxes of $41,779.30, now plus interest, since August 31. This is the real property for Dublin Square.

Authentic Properties, LLC, owes $11,010.80 in summer 2018 personal property taxes, plus interest.

I have not checked whether past taxes referred to Ingham County have been paid, but the point is moot.

It is a violation of the city charter … Read more →

Selling Lot 4 and Dublin Square // Eliot Singer

Previous development plans involving the city’s foolishly purchased Evergreen properties (City Center II, Park District RFP) have also included Lot 4, adjacent to Dublin Square. Voters said no to the attempt to sell Lot 4 for the DTN/Strathmore project, because of anger over City Center II and suspicion Strathmore shell companies were still involved (which documents from the Cuyahoga trial confirmed).

It is too late to put selling Lot 4 on this November’s ballot.

 

– Eliot Singer

More on serial tax delinquencies // Eliot Singer

Because it sounds like this Dublin Square thing is another hurry-up, no-scrutiny deal, I thought I’d better get the facts out faster than ELi can do a story.

For those who have forgotten or missed earlier episodes: No, not everybody does it. In my many years of perusing records, I am only aware of three would-be developers who use tax delinquencies as a cash flow strategy. One in Lansing, exposed by MLive if I remember correctly, admitted he used not … Read more →

Refinancing the Evergreen Bonds // Eliot Singer

Something else that was mentioned in the ELi story about the Dublin Square project was the DDA wanting to refinance the bonds for the Evergreen properties.

We went round and round about this for years and years. City officials, with DDA approval, did something incredibly stupid issuing those bonds in 2009 to buy properties at 3 times market value when the economy was in collapse and with a developer who should never have been allowed within a million miles of … Read more →

Another Developer with Persistent History of Tax Delinquencies Is Seeking a Major East Lansing Project // Eliot Singer

At the top of the list of reforms to make public-private development credible is preventing anyone with a history of fraud, tax delinquencies, mortgage defaults and foreclosures, etc. from receiving tax incentives or otherwise engaging in partnerships or dealings with government. This not only limits moral risk—remember East Lansing has done brownfield projects with developers who have committed fraud and had terrible tax payment records, a major reason for the city’s reputation for corruption and cronyism—business people with these factors … Read more →

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