Will MSUFCU pay taxes on the new building?

The parcel is currently tax exempt.  A sale to MSUFCU would make the parcel taxable and obligate them to pay future property taxes, both real and personal.  A building on the site would increase the taxable value and, therefore, the taxes that they would be responsible for. MSUFCU employees in East Lansing are currently subject to the City income tax. If employment increases in East Lansing due to a new project at this site, new employees would also be subject to the income tax.

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1. Where is this property?
2. If voters approve the ballot proposal, what would it allow?
3. How was the price determined? Can it be sold for more or less?
4. If voters approve this, does this mean that the City will automatically sell the land to MSUFCU?
5. If the voters approve this, does this mean that a project is approved for the site?
6. When will we see more information about the MSUFCU project? When are they expected to apply?
7. Will MSUFCU pay taxes on the new building?
8. Will the City's general fund benefit from the potential sale of land?
9. What is the likelihood for Tax Increment Financing to be requested for the project?