The city is leasing the land to the non profit ie: Tax exempt.
Read their web sites it says non profit but their mission is for profit over and over,when this first came up awhile back they had raised "shy" of a million towards their goal of $15 million,a year later they still are at their original funding start.
They are saying that they have a $8 million commitment,if they had that they could go to investors and loan on that commitment.
If it were me I would get a deal from the city under a tax exempt statues to minimize carrying costs and have no taxes,have everything set up in place to put a pot farm,then when it is approved just change to tax statues.
It is a $6500 gamble.
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