MVET Scheduled To Die In June

Ding dong the car tax's dead. The wicked car tax is dead. Well, not officially dead like you'll get out of paying it if your car tabs come up this month, but the Monorail Project has started the process of ending the tax on June 30th, due to the fact that all those sexy properties the Project swept up to make way for the Green Line have been selling like hotcakes. Uh, hotcakes that you force private residents to sell you for a mass transit line you don't intend to build and then sell back to the public for more than what you paid for them. That kind of hotcakes.

From the P-I:

Of two properties that remain to be sold, the project paid $1.5 million total for both. As of now, the project has agreements to sell the 31 properties it bought for the monorail for $70.6 million, after paying $56.2 million for the properties.

The board expects to sell all of its property for a total of $72.5 million, about $15 million more than it paid.

The MSM has named a few of the buyers for these properties, but we'd be interested in hearing some informed speculation on what these people intend to do with the plots taken in "one of the biggest sales ever of a collection of properties along major arterials such as California Avenue Southwest, Fifth Avenue, First Avenue South, Northwest Market Street and 15th Avenue Northwest." Seems like someone could build a monorail from properties all strung together like that..