Bear Creek Reservoir Topics: Catherine's
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Name:   8hcap The author of this post is registered as a member - Email Member
Subject:   Catherine's
Date:   1/5/2009 11:20:12 AM

This is getting rediculous. Go to BASS in Prattville and you will pay the normal state, city and county sales taxes plus a 1.5% "BASS tax". This last item is the income used to repay the bond issue Prattville used to fund the BASS store ($17 million+).

Many states (including Alabama) allow the use of a CDD (Community Development District). This district is treated as a governmental entity and is much like the Lake City Catherine is railing about. I only have direct experience in Florida, but such CDD's there do not have the authority to raise taxes after the bonds are issued to pay for the infrastructure. Down there, the taxing vehicle is usually property taxes, but Alabama could allow the use of a quasi-sales tax charge to fund the bonds for the infrastructure (and boy with that awful cobble parking lot they spent a lot on infrastructure). This could explain the coop fee added to the final tally, but that is speculation on my part as I have no direct knowledge of their set up.

But I do know one thing, if retailers could pass their rent along as a "coop fee" added to everyone's checks, EVERYONE would be doing it.

And Catherine, BASS was simply playing Alex City in their site selection process - there was never any real intent to open a store here - there simply is not enough traffic.

8
Other messages in this thread:View Entire Thread
Catherine's - Lakey - 1/4/2009 10:59:13 PM
     Catherine's - PC Al - 1/4/2009 11:10:56 PM
          Catherine's - water_watcher - 1/5/2009 6:52:00 AM
               Catherine's - Hawks Nest - 1/5/2009 8:19:10 AM
                    Catherine's - PC Al - 1/5/2009 10:31:25 AM
                         That is VERY interesting. - Catherine - 1/5/2009 10:36:16 AM
               Catherine's is not leased. - Catherine - 1/5/2009 8:23:45 AM
                    The Plot Thickens..... - lamont - 1/5/2009 8:45:32 AM
                         The Plot Thickens..... - Bob - 1/5/2009 8:47:07 AM
                              The Plot Thickens..... - lamont - 1/5/2009 9:27:30 AM
          Catherine's - water_watcher - 1/5/2009 6:57:12 AM
     Catherine's - 8hcap - 1/5/2009 11:20:12 AM
          Catherine's - Lakey - 1/5/2009 5:47:10 PM



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