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Re: Natives Allowed to hunt Moose again
LSF Member
Joined:
08/08/2015
Posts: 160
Hahahaha, you can't be serious that the casinos are worth more than the 13 million acres given up. I'm sure the tribes would give up the casinos for the getting the land back. Don't forget that there would be no vacation/tourism industry in Minnesota without the treaties.

Posted on: 9/13 10:23:38
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Re: Natives Allowed to hunt Moose again
LSF Member
Joined:
02/28/2005
Posts: 3005
Quote:

LOW1 wrote:
Quote:

Bandersnatch wrote:
That would depend on the productivity of that land, and its taxable value when compared to the Res lands, don't you think?

Before answering, remember, Minnesota is a special case. It is the only State that the casinos get a free ride. So that Dollar per Acre is going to be worth Way More that you may have envisioned initially.


I agree that it would be an interesting calculation.

If there are enough zeros in my calculation, 13 million acres at $1000 per acre is $13 Billion. Then we would have to add the value of the houses, factories, etc. (We could probably get this from assessment records but I am not that ambitious)

If we assume that the improvements are equal in value to the land that would be $26 billion in real estate value. Plus all the income and income tax generated from this land and the resulting jobs over the years.

What's a casino worth? I don't know. A guess would be $50 Million or so but that's just a guess.

And we can't include the cost of social programs when calculating what the Bands received under the treaty, as they did not get citizenship under the treaty and instead did not get that until the 1920s.


Yup.

But remember, you have to take into consideration that the land value is static (more or less) other than value fluctuation, where as the casino is generating profit each and every day.

So there will be a line of demarcation where the casino profit eventually surpasses that land value, and from that point foward?

Pure Cake

Posted on: 9/13 11:10:15
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Re: Natives Allowed to hunt Moose again
LSF Member
Joined:
02/28/2005
Posts: 3005
Quote:

otter wrote:
Hahahaha, you can't be serious that the casinos are worth more than the 13 million acres given up. I'm sure the tribes would give up the casinos for the getting the land back. Don't forget that there would be no vacation/tourism industry in Minnesota without the treaties.


Yes.

I am.

See above.

Posted on: 9/13 11:10:51
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Re: Natives Allowed to hunt Moose again
LSF Member
Joined:
08/08/2015
Posts: 160
So logging, mining, agriculture, and tourism that takes place on those lands don't generate any annual revenue? Besides the static land value?

Posted on: 9/13 11:17:48
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Re: Natives Allowed to hunt Moose again
LSF Member
Joined:
03/29/2013
Posts: 119
Yes, there would have to be two components on each side. the "static" value of the casino/res/trust properties, the "static" value of the 13 million acres, the revenue generated by the casino/res/trust properties and the revenue generated by the 13 million acres.


I am going to guess that the 13 million acres produces at least $50 million in property tax alone.

Posted on: 9/13 11:27:57
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Re: Natives Allowed to hunt Moose again
LSF Member
Joined:
07/31/2007
From central mn
Posts: 4368
Would ya look at the time? OT once again.

Posted on: 9/13 11:33:43
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Re: Natives Allowed to hunt Moose again
LSF Member
Joined:
12/12/2013
Posts: 247
Quote:

otter wrote:
Hahahaha, you can't be serious that the casinos are worth more than the 13 million acres given up. I'm sure the tribes would give up the casinos for the getting the land back. Don't forget that there would be no vacation/tourism industry in Minnesota without the treaties.


If there was no treaties chance are the natives would have been drove into canada or not even exist today.

Posted on: 9/13 12:07:27
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Re: Natives Allowed to hunt Moose again
LSF Member
Joined:
02/28/2005
Posts: 3005
Quote:

LOW1 wrote:
Yes, there would have to be two components on each side. the "static" value of the casino/res/trust properties, the "static" value of the 13 million acres, the revenue generated by the casino/res/trust properties and the revenue generated by the 13 million acres.


I am going to guess that the 13 million acres produces at least $50 million in property tax alone.


Depending on location. Exemptions for this that and the other thing, don'tcha know.

Posted on: 9/13 12:14:20
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Re: Natives Allowed to hunt Moose again
LSF Member
Joined:
08/08/2015
Posts: 160
Give it up, there is no argument that the 13 million acres in land given up is worth less than any casinos or hunting and fishing rights.

Posted on: 9/13 12:37:51
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Re: Natives Allowed to hunt Moose again
LSF Member
Joined:
03/29/2013
Posts: 119
Quote:

Bandersnatch wrote:
Quote:

LOW1 wrote:
Yes, there would have to be two components on each side. the "static" value of the casino/res/trust properties, the "static" value of the 13 million acres, the revenue generated by the casino/res/trust properties and the revenue generated by the 13 million acres.


I am going to guess that the 13 million acres produces at least $50 million in property tax alone.


Depending on location. Exemptions for this that and the other thing, don'tcha know.


In 2015 Mille Lacs County generated about $15 million in property tax. http://www.auditor.state.mn.us/Search/CountySearch.aspx

This doesn't include the other counties that now exist on the 13 million acres.

I assume that city property taxes are in addition to this?

Posted on: 9/13 12:42:12
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