05-18-2016, 12:13 AM
(05-17-2016, 11:29 PM)tomh009 Wrote: urrent total rate for the downtown core is 0.033, or 0.037 including the BIA levy. Moving the city's vacant (commercial) land rate would put that at 0.047, or 0.051 including the BIA levy. That's a difference of roughly $14K per $1M of assessed value. I don't think anyone would build something (crap or otherwise) for the sake of $14K, but I do believe that land owners would think twice about a plan to let the land sit empty for 10 or 20 years.
That's fair.