Kroger sells north-side plaza for $8.5M but agrees to remain tenant

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3 thoughts on “Kroger sells north-side plaza for $8.5M but agrees to remain tenant

  1. Amazing that a property that was purchased in just seven years ago plunged in value so much. Bought for the fair market value of $9.5 million, the property’s current tax valuation is just $2,321,500 even though the market has remained basically stable since its last ownership transfer. Someone needs to do an investigation as to why the Marion County tax assessor’s valuations of commercial properties are consistently and substantially under the prices that buyers paid for them (again, the legal “fair market value” that state law requires tax valuations to be based on). In the meantime, I am not holding my breath that next year’s assessment for the value will be $8.5 million. Or that IMPD will be able to afford an increase in the number of cops to make our city safer.

    1. we are spending millions to add new police officers annually.

      IMPD is so poorly run they are losing 30% of all officers every 24 months or so…

      Don’t blame what is a poorly run organization on a funding issue that does not exist.

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