Elk Run developer owes $740k in unpaid taxes

Finance & Commerce reports the California-based Tower Investments owes more than $740,000 in back property taxes and fines. For the past six years, Tower has been pushing a major biobusiness park on a former elk farm in southeast Minnesota, but nothing has happened on the site since 2010. Tower's senior vice president claims the taxes aren't paid because Tower is in the midst of appealing its property taxes with Olmsted County.

Author:
BMTN Staff
Updated:
Mar 8, 2018
Original:
Jun 7, 2012

Finance & Commerce reports the California-based Tower Investments owes more than $740,000 in back property taxes and fines. For the past six years, Tower has been pushing a major biobusiness park on a former elk farm in southeast Minnesota, but nothing has happened on the site since 2010. Tower's senior vice president claims the taxes aren't paid because Tower is in the midst of appealing its property taxes with Olmsted County.

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