Quote:
Originally Posted by thefourthtower
This is the best thing ever jobs jobs and it may bring some sleek new towers , we must also remember that there was nothing built in the last 20 years in the core, the stock is the lowest in North America build build build.
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I really don't see it helping anything. Companies won't build towers unless there is demand. The amount of money saved on decreased taxes won't make up money lost on owning empty towers. Council already has the power to limit tower/office construction to downtown (look at the developer struggling to get some built out by the airport).
Furthermore, the construction market is already being stretched pretty thin. Construction workers are in high demand as it is, and trying to encourage more development could exacerbate this situation and drive up construction costs (especially in the housing market... not a good thing). I don't think we are at a loss for construction jobs at the moment.
The reason why there was nothing built in the core for 20 years, is because for 20 years Regina was stagnant. Our office supply is now shrinking because we are growing again(basically starting in 2006/2007). There was no demand for more space until the last few years of growth. I just see this idea as needlessly lowering future tax revenue. At least that's my opinion on the matter.