New Nanaimo hotel
stumbled across this...
New Front Street hotel A new six-storey hotel is planned for 15 Front Street with a total of 90 rooms with ground floor commercial space. The City is recommending that the new hotel get a 10 year tax break. This is part of the Revitalization Tax Exemption agreement to encourage development in the City. A tax break would give the owner a savings of $202,600 per year. If the City approves this then the owners have to build the hotel by 2020. ... http://midislandnews.com/wp-content/...FrontHotel.jpg now http://midislandnews.com/wp-content/...7/04/nicks.jpg http://midislandnews.com/ |
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The first hotel i can easily see going ahead, the second post looks fantastic, but Nanaimo suffers a similar syndrome as Kelowna, will believe it when I see it.
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A ten year tax break?
Is this something that's quite common everywhere or is this something that's rarely done? I'm just asking because I really do not know and I doubt that two million dollars over ten years is going to seriously harm the city of Nanaimo but how fair is this to possible other new businesses that might be looking to set up shop there? If this tax break is indeed something that's unique, then it's a bit of a slippery slope that they're creating IMO.. |
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Nanaimo has a lot of building going on but really almost none of it is downtown, its all in the northern more suburban area. They want to encourage more development downtown which is really nice but has a lot of empty spots that really would be great to see filled.
So a tax break is a good incentive for them to build downtown instead of so far from downtown. |
Agreed! Anything to bring back property investments downtown would greatly benefit the city centre and even the region. Helps in retaining the tourist dollars when more visitors find more reasons to hang out in town.
Even better if they can incorporate an urban market and retail shops/cafes/restaurants into the podium of that hotel. |
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The lot the second hotel is on is another dead project that never got beyond excavation so it's even worse than the lot the first hotel is on. |
[QUOTE]City announces buyer for 100 Gordon Street
Developer to build 118-room hotel near Vancouver Island Conference Centre Quote:
http://www.nanaimobulletin.com/news/...gordon-street/ Another article http://nanaimonewsnow.com/article/54...hing-23m-hotel |
While 6 stories is obviously better than no stories, it's nothing compared to the previous proposal
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"He said even with the additional storeys, the hotel is well within height allowances."
How gracious of the city to allow the construction of tall buildings. Comments like this always piss me off because they show just to what extent we have allowed government to micromanage every detail of our lives and communities when the only determinant should be the market. Having said that, it would be great to see a new 9 story hotel go up downtown even though i'm not crazy about the looks or design of it but the height and benefits it would bring are welcome. |
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"We don't need another hotel in Nanaimo," said Nanaimo resident Jane Saxton. "We do not need a nine-storey hotel."
It's dimwits like this that always impede progress, instead of realizing things like this will make Nanaimo more appealing, bring in tourists, create jobs and stimulate the economy, their kneejerk, childish response is just, NO! |
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Conversely,
"We don't need another NIMBY in Nanaimo," said everyone. "We do not need a Jane Saxton." |
:cheers:
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No city needs people like that |
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