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Old Posted Jul 24, 2013, 4:34 PM
JamieDavid Exchange JamieDavid Exchange is offline
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Join Date: Feb 2012
Posts: 546
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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