Quote:
Originally Posted by Jay Random
At the moment, they basically collect nothing in tax on the site. They get a bit of rent from Greyhound, GSL and Renfrew; I don't know how much, but it's got to be tiny compared to the property taxes that would be paid on high-density development.
|
True. But if the city went ahead with only high-density residential development in the area, and nixed the arena-stadium complex, they would make more money in taxes.