Broadway businesses fear closure following tax spikes

NASHVILLE, Tenn. (WKRN) — A group that represents many of the bars on Broadway said that some might have to close because of huge property tax bills due at the end of the month.

Some tax bills more than quadrupled after property values spiked compared to the last property assessment four years ago.

“[If] we lose Broadway, we lose our heartbeat,” Broadway Entertainment Association Director Rob Mortensen said. “In some cases — the taxes that these bars are being hit with — it’s more than their lease, double what their lease is, and including their lease, it’s more than…

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