Quote:
Originally Posted by FuzzyWuz
Here's something I'd like to see: To reply to those who say that all of the office needs of the CBD could be met with six story buildings why not paint a financial picture of a six story office building going where UG development towers are planned? Start with the price paid for the land, the annual business tax, the cost of putting up the structure, the income generated by leases etc. That would make an interesting discussion piece I would think.
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The six storey plan is destroying the tax base potential downtown. Cambridge Suites, Prince George and Marriott Siutes Inn take up far too much real estate for their return. The city can max out the tax potential on the Herald/Midtown site if the convention centre is built. If it is rejected the tax return will be far lower and the potential for neighbouring assessments to increase will be much less.
- opportunity for 4.5 star hotel (400 rooms)
- opportunity to tap international market for financial services companies
- opportunity to build needed class A office space and not just talk about it like Ben McCrae
- opportunity to eliminate the blight of that site
- opportunity to expand convention business that will have a net positive impact on HRM and the province
- I'm quite sure I have read that some of the best known hotel chains have a min room requirement around the 400 mark