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Old Posted Apr 26, 2019, 2:32 PM
hamilton23 hamilton23 is offline
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Join Date: Feb 2017
Location: Hamilton, ON
Posts: 753
Quote:
Originally Posted by king10 View Post
Kind has a Miami vibe to it. I like it.

On a side note yes property tax revenue would increase dramatically but 80% of the increase is granted back to the owner(over 6 to 10 years) as a reward for developing the brownfield property and increasing the tax base. The owner gets a rebate of over $4.8M on his/her increased property tax assessment. Programs like this are overlooked when people comment that City Hall actively thwarts development.
Based on what I've read and continue to read in this forum, I think most posters are annoyed with the building height issue, more so than actual development and builds. The City does encourage development, it's definitely misleading for posters to see that they discourage it. The height issue is something they still haven't figured out.
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