Back in 2013, I penned a piece titled “Multibillion dollar Meijer, Inc. finds another way to screw Michigan cities and kids” that went somewhat viral, getting over 60,000 hits. The gist of the piece is that Meijer, along with other so-called “big box” stores in Michigan, have used something called “dark store” valuation when determining the value of their store. […]Read more ›
Sometimes you just have to ask “How much money and greed is enough?”
Meijer, Inc. is one of the largest privately-owned companies in the country. When he died, Frederick Meijer, the son of the founder of the company, was worth $5 billion. The stores pioneered the concept of “one-stop shopping”, a shopping center where you could buy everything from car batteries to fresh broccoli.
This past year, Meijer, Inc. has been challenging its tax assessments around the state, saving itself millions and millions of dollars, money that is coming, in large part, directly from the coffers of the municipalities and schools where their stores are located. The Lansing area seems particularly hard hit.
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