Anyone know what happened with this?
SJ's currently gives a tax break to property owners of vacant buildings, costing us about 6 million/year. Seems like mistaken policy when we're trying to build for density, using the infrastructure we already have rather than constantly rebuilding it on the outskirts of town, no?
Council were going to repeal it but it looks like the board of trade put a stop to that. Is there any case to made for this allowance beyond another subsidy to the business class? I imagine rents would go down more without the allowance as well. As it is, developers are just sitting on it.
Couple links:
https://www.thetelegram.com/news/loc...budget-169373/
https://www.cbc.ca/news/canada/newfo...fees-1.4946520
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