Quote:
Originally Posted by Jay31
Should tax payer money be used to subsidize it? You could reasonably argue that this would be a major upgrade for Ottawa's airport that may help encourage additional traffic and economic activity... particularly more US routes. I'm not sure how you'd quantify it though. I think this would be a better investment than the airport parkway updates which I don't understand (never encountered much traffic on that road).
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Should Ottawa Tax Payers subsidize it....well Ottawa council literally voted to do just that when they created the YOW CIP program last July. (This isn't directed at you specifically Jay31, just happened to ask the question)
If the Dev meets the requirements of the program (Which I would guess it does) then yes it should receive the grant. If council doesn't like that then may I suggest they stop approving CIP programs without considering just exactly what they would fund. Its this whole CIP program argument all over again from the money the city gave to Collonade bridgeport to the new dealership.
In the end if it gets built the city has 4,359,228 in "new property tax revenue" over the 25-year period.(Actually just a larger base to spread property tax over).
https://obj.ca/colonnade-bridgeport-plans-18m-hotel-restaurant-development-in-bells-corners/
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