Posted Jul 24, 2013, 6:40 PM
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Registered User
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Join Date: May 2013
Location: East Exchanger
Posts: 675
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Quote:
Originally Posted by JamieDavid Exchange
Why are all the "naysayers" over the grant to lure residential growth around the Downtown so up in arms about? This is not a new idea. Regina is offering a five year tax break to their residents who chose to move to their new iconic development by Fortress.
Does a five year tax break sound better than a one lump sum? A five year tax break here would be on average $17,000-$19,000 per unit. Much better than a onetime payment of $10,000, IMO. Plus, the city of Winnipeg will be collecting property tax over those five years from those who collected the $10,000! Sounds like a great offer to ALL the citizens of this city. $2.1 million up front for roughly $4 million in revenue after five years.
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Is this the program in Regina you're referring to? I'm just looking for some background reference to draw some comparison to what we know was proposed here.
http://www.regina.ca/opencms/export/...icyjan2012.pdf
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