Quote:
Originally Posted by kwajo
The in-fill housing project (the one that retained an existing historical facade) on Queen Street is progressing very well, it looks like it will be a great addition to the streetscape, and continue to add residential density to the Uptown core. Does anyone recall how many units will be in the finished structure?
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Somehow, I think the City needs to go into a massive house replacement phase. What stikes me so often as I move about the city, is how old and small many of the houses are. And of course, their low assessed value means low tax base.
To a large extent, people with higher incomes are moving to Rothesay and Quispamsis because they can buy large, and new modern homes. Or even if they are buying a small house, they can buy a new small house. Property tax rate differences don't matter much, with the cost of commuting any offset in lower property taxes is eaten up at the gas pump. However, the lack of newer and more upscale housing properties in the City is the obstacle IMO.
Heritage homes are great, and there is a group of people who want to live in classic homes. But so much of the housing stock is just old, not classic. 2 years ago I sold one of those old houses and moved to Quispam. The old house had a leaky basement, some floors slanted, and that house cost me twice as much to heat as our new place, even though it was significantly smaller. The only way to take the assessment over $100k short term on that old property, is to bulldoze it to the ground and replace the house.
Perhaps the City could do something like offer free building permits and demolition permits to developers/speculators who would be prepared to build replacement housing. The City would get it back long term in higher assessed value for property tax purposes.
For the counsellor thinking putting an additional surcharge on non-City workers (the existing charge is City owned parking BTW), put that in place and 12 minutes later Quispam council will pass reading on the first large office building in the valley. You won't need to worry about wear on downtown infrastructure long after that.