12-13-2015, 04:59 PM
(12-13-2015, 10:20 AM)rangersfan Wrote: The region has decided not to defer the development charges for this project :
http://therecord.com/news-story/6181007-...oo-project
I agree with the region's decision. But this line in the news item is misleading: "To allow the deferral, taxpayers would have to cover the development charge cost until Prica Group paid the money back. "
There is no "development charge cost" as such. What the region would need to do is delay the development charge income, and possibly get additional financing if the the charges were deferred.