Aces Ballpark, home of the Triple-A Reno Aces (Pacific Coast League), has been operating for four years with a temporary certificate of occupancy — a document that certifies the building has complied with necessary code requirements and that the building is safe to occupy — because a dispute over property taxes owed has kept the owners from securing a permanent one. A number of public officials Continue reading
Tag Archives: Property Taxes
In an exclusive interview with the Reno Gazette-Journal, billionaire real estate magnate Herb Simon said Tuesday he is taking a personal role in trying to resolve an ongoing dispute over whether he and his partners owe property taxes on Aces Ballpark, home of the Triple-A Reno Aces (Pacific Coast League). Read more here.
According to a recent advisory by the Nebraska state tax commissioner, any property not actually owned by a government entity is subject to property taxes. This presents a serious problem for communities that use nonprofit leasing corporations to issue tax-free bonds to fund capital projects like Omaha’s TD Ameritrade Park and Sarpy County’s Werner Park. Continue reading
Ohio Governor John Kasich has signed into law legislation that extends the property tax exemption for affiliated, municipally-owned stadiums to non-affiliated ballparks. This new benefit will apply to All Pro Freight Stadium, home of the indy pro Frontier League’s Lake Erie Crushers. Read more here.