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Originally Posted by Walk then Run
I'm not a developer, but other than lowering taxes what else can the city do? There was mention of free water / sewage hookup and cash incentives to get things moving.
I would like to see what the cash incentives are. Maybe a deal can be struck (between the city and the potential developer) to eliminate the tax rate for a period of one or two years as long as the developer agrees to build during this time frame. Or, a sliding scale of property tax reduction. The larger the project the more of a reduction in property tax would be given to the developer. Of course there would be an appropriate timeline applied to this.
It would be interesting to read what others (developers?) would see as an incentive which would turn their heads and put shovels in the ground.
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Saint John doesn't have a lack of properties and developments; Saint John has a lack of people willing to own and live in many of the empty buildings we already have. We should focus less on incentivizing developers and instead give more reason for property owners and citizens to live within city limits.
As far as i'm concerned we shouldn't be focused too much with developers right now. Developments will happen anywhere if the market is suitable enough for them. What can we do in the meantime to make the market in Saint John more desirable? Increase population, increase tax base, increase the flow of services and expenditures....at that point developers will be interested and you won't have to offer them silly incentives like free hook-ups and tax-free deadlines.
ZoneSJ should absolutely be passed and a few handful of developers on the outskirts shouldn't outweigh citizens in the rest of the City.