Friday, March 30, 2012

University Housing Expected to Generate $300,000 in Property Tax for Delaware County

From the Muncie Star Press:

"The BZA unanimously approved the Campus Crest apartment project on 10.5 acres of grass on McGalliard Road between Oakwood Avenue and Scheumann Stadium. City council had rezoned the land earlier.

The complex north of Ball State University will house up to 584 tenants.

Scott Shockley, an attorney representing Campus Crest, estimated the "high-end student housing" project would generate $300,000 a year in property tax revenue for local government."

http://www.thestarpress.com/apps/pbcs.dll/article?AID=2012203300327