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Sunday, 17 February 2013 22:00

New downtown GR tax revenue?

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If the state Legislature approves plans to convert Blue Cross Blue Shield of Michigan into a nonprofit mutual insurance company, the health insurance provider will have to get used to paying property taxes on its buildings, reports Crain’s Detroit Business.

For its Monroe Center location in downtown Grand Rapids, which was appraised at $5.3 million, the company can expect to pay out nearly $126,000 in taxes. Statewide, Blue Cross can expect to pay about $4 million in property taxes if the conversion bills are signed into law, according to the report.

Read 21150 times Last modified on Sunday, 17 February 2013 22:53
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