Quote:
Originally Posted by dg66
Actually no, it's not a good thing. Who do you think makes up the loss of property taxes from all that vacancy around the core?
The rest of us, and those like myself who run a small business. It doesn't help that city hall has decided to punish those outside of the core.
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It's a bad situation right now, but it should be able to be fixed by taking stock off the market for renos and allowing more companies to move back downtown. It's a good thing because it means that pretty much all of our office buildings downtown won't serve a single industry and we shouldn't get into a situation like this again where one type of company has a massive recession and the city suddenly has a shortfall in tax revenue that needs to be made up somewhere else (like your business).