Posted Jun 9, 2021, 9:41 PM
|
 |
It's Hammer Time
|
|
Join Date: Mar 2004
Location: Hamilton
Posts: 20,304
|
|
Quote:
https://www.cbc.ca/news/canada/hamil...ties-1.6059106
blah blah blah...
The city will also have a downtown entertainment precinct advancement program — a tax increment-based program where grants may be provided to offset increases in municipal property taxes. More details, the city said, will come in July.
Vrancor Group — the development company owned by Darko Vranich — also pitched a $200-million plan, but wasn't selected. It proposed limiting the arena's capacity to around 15,400 seats, with the possibility to expand to 17,000 if needed.
Eisenberger said the group is "very supportive" of HUPEG's proposal and agreement.
|
This is a very interesting move. Looks like the old downtown property tax incentives is getting a makeover and used for the new precinct.
|