Something Stinks
According to this story on Fox 17 News, Music City Motorplex owes $487,000 in back property taxes, going all the way back to 2001.
The main problem here is that the track is owned by the city. City property is exempt from property taxes. If not, then I’d like to see how much Bud Adams is paying for the stadium, and now much the Predators are paying in property taxes for the arena.
It’s now obvious that the city of Nashville has moved from passively trying to get rid of the track (i.e. hiring a consultant to do the dirty work by all but recommending the fair move) to actively trying to get rid of the speedway (coming up with bogus back taxes).
I’m not sure what the next step is. We’re still kind of in a waiting mode, waiting on the consultant’s “RFI’s” to come back to see what people want to do with the property.
I guess the ultimate question is “How bad does Nashville want a race track?” Based on the Nashville responses to the petition, right now I’d have to say “not bad enough.” This tax “issue” could be the final straw.
UPDATE: The Tennessean has a somewhat sketchy article about his issue here.
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