Quote:
Originally Posted by Mull
Cover what cost sorry? All I did was list stats to answer the poster questions.
Calgary is (was perhaps?) reliant on our strong downtown to cover property tax revenue, its why our residential taxes are so "cheap". However, that foundation has fallen apart as downtown property values collapse pushing up property tax on all other business, and creating the discussion of moving the tax load back to residential.
Or so I understand, to lazy to google to find the news stories.
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Well, not "to" lazy to find stories like this:
Record vacancy rates in downtown Calgary.
Head offices like Shaw staying?
Maybe explains why the city wants to push the pause button.