Quote:
Originally Posted by WinCitySparky
The city needs to start taking a hard “use-it-or-lose-it” attitude towards downtown buildings and their tax and penalty structure to start forcing owners to act in cases like these. Like radical level of aggressive.
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It’s challenging to lease even well managed and maintained buildings downtown.
I would suggest a carrot not a stick…
While they are maybe three or four difficult buildings that we speak about, I can think of thirty or forty very nice properties begging for a tenant.
Instead of constantly talking about draconian and drastic taxation actions against property owners, perhaps legislate all government offices civic, provincial and federal be mandated to lease in the downtown core.
This would have a drastic impact on the commercial space down town and also bring more workers to our retail and food establishments.
There are very few other takers right now.