Quote:
Originally Posted by SteelTown
Guess the rumour is true regarding retail at the West Harbour....
Comment From Hammer
What is the plan with the West Harbour now that the whole stadium and velodrome took and 180 and left this great location. Are there still talks of an amphitheater or something else there?
BB: This valuable location has been the subject for many years of our Setting Sail plan. Waterfront property should be among the highest revenue generating lands in the City's inventory. Public use of the land would be problematic because of the clean-up costs which a large commercial development could sustain, and provide the City with much-needed tax revenue.
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I do agree that waterfront property should be taxed higher than land more inland; it's that way almost everywhere else. I can see where he's coming from when he says that it would be a waste to see the city take over this land with our tax dollars. It's a tough one... we want something great to go there, but preferably privately financed.
Some kind of large-scale arena/theater/whatever would be great, but I'm not sure our city can afford it right now.