Mall Of America Expansion Sounds Like A Great PRIVATE Investment

After reading this:

Megamall is shopping for state aid

It’s that success that mall officials will use this week to try to sway legislators to approve $234 million in new public subsidies so the mall can more than double its size. The total public cost would exceed $300 million, including public financing already committed from the city of Bloomington.

As part of that package, under legislation expected to be introduced this week, the state is being asked to spend $181 million on an 8,000-space parking garage. Mall executives are touting the plan as a great deal for the state, which they say stands to make at least four times its investment in taxes generated by the expansion.

I realized that the proposed Mall of America expansion is a great investment. In fact, it sounds like such a good investment, I don’t see why the Mall of America would want state funding. Why not just fund in privately with their own money, or go to a bank to fund it like most American’s do. I mean, it is the Mall of AMERICA, right? Why not fund it the way AMERICANS would fund their own investments?

If you’re against taxes, you should be against this since you’re basically funding corporate welfare.

If you don’t have a problem with taxes, but would like to see your money spend wisely, you should be against this as well.

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