Quote:
Originally Posted by IanWatson
As outlined in the report, a vacant lot tax is not possible without an amendment to the Charter.
And honestly, I don't really see the point. There's not a whole lot of land-squatting going on in this city. I'm sure the majority of people/developers with vacant land would love to build and cash in on sky-high rents - if they're not building, it's more than likely an issue with construction costs and labour availability.
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This was instigated by George Tsimiklis, a small-time developer who is indeed sitting on dozens of vacant lots scarring the length of Robie, Coburg and Young, and whose MO for the past several years seems to be acquiring and tearing down buildings and leaving the properties vacant indefinitely.
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