I'm just curious why posters have not addressed this portion of the the posters quote?
Is it ok for ie: Regina, to offer subsidies for downtown living, that at this time surpass our city councils initial proposal in tax payers "contributions",(now probably to be amended), to make downtown Regina more attractive and livable?
Is not Regina/Sask. a powerhouse of development un-rivaled by many provinces? Why would thier progressive civic body allow such a travesty with such a robust and booming economy?
Giving Private developers an incentive?
Quote:
Originally Posted JamieDavid Exchange
Does a five year tax break sound better than a one lump sum? A five year tax break here would be on average $17,000-$19,000 per unit. Much better than a onetime payment of $10,000, IMO. Plus, the city of Winnipeg will be collecting property tax over those five years from those who collected the $10,000! Sounds like a great offer to ALL the citizens of this city. $2.1 million up front for roughly $4 million in revenue after five years.
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