Quote:
Originally Posted by shutout
I don't think that the taxpayers should be paying for the construction costs of the building. But I do think that there is a city benefit to having these types of facilities and that there needs to be some sort of give from the city. The easiest way is to go with an escalating property tax structure, where the first few years after the facilities are open there is no property taxes paid. This increases over a period of 10, 15, or 20 years to where the facilities are paying full property taxes on the building. The term can be determined by an estimate on the payback recovery period on building the new facility.
I don't agree with the Bell model in Montreal where they build their own building and then get taxed up the wazoo in property taxes. Only to have the province build one for the group in Quebec City.
|
Exactly what I wanted to say, only in way better words. Thank you.