View Single Post
  #68  
Old Posted Jul 24, 2013, 9:29 PM
Andy6's Avatar
Andy6 Andy6 is online now
Starring as himself
 
Join Date: Mar 2002
Location: Toronto Yorkville
Posts: 9,739
Quote:
Originally Posted by Authentic_City View Post
Bingo. I think it's the form of the subsidy that irks a lot of people. It just looks bad to a lot of people. I'm surprised that so many councilors voted for it in the first place. But, I agree the city needs to do something to get residential development entrenched in the area. And like it or not, that will involve spending tax dollars to make it happen.

Why not consider a property tax holiday for residents purchasing an new/unoccupied condo in the exchange?
Why? All this does is ensure that no one ever does anything in future except where there's a subsidy. Everyone (developer and buyer) will always be waiting for the next subsidy program. It's like a drug addiction. Who wants to be the sucker who pays full value for something when, if you just hold back, the city will panic and give you free money for doing something you would have done anyway.
__________________
crispy crunchy light and snappy
Reply With Quote