268 replies to this topic

[Victoria Watcher]

Victoria offers tax relief to encourage Rock Bay development

Esquimalt and Songhees First Nations will get an up-to-10-year property tax exemption to redevelop the lands

https://www.timescol...lopment-9520886

Edited by Victoria Watcher, 14 September 2024 - 08:32 AM.

[Barrister]

Why does this land need a property exception?  Sounds more like vote buying than anything else. 

[Nparker]

A tax exemption for Rock Bay just means I will get taxed more on my property. I don't see the win here.

[Victoria Watcher]

Who knows. Given free land even the most inept developer can make a go of it. Except this group.

Start with a casino.

Edited by Victoria Watcher, 14 September 2024 - 08:42 AM.

[spanky123]

Victoria offers tax relief to encourage Rock Bay development

Esquimalt and Songhees First Nations will get an up-to-10-year property tax exemption to redevelop the lands

https://www.timescol...lopment-9520886

 

They don't pay tax on the land now, don't know what good a tax exemption is unless the plan is to flip the property to a developer and then the developer gets the tax holiday.

[dasmo]

Careful what you wish for.

[dasmo]

They don't pay tax on the land now, don't know what good a tax exemption is unless the plan is to flip the property to a developer and then the developer gets the tax holiday.

That is the plan. They don’t need to flip. Just give the developer 49%.

[Citified.ca]

 

 

Vision for Rock Bay's First Nations-owned Matullia Lands revealed as application goes before city hall

https://victoria.cit...fore-city-hall/

[Tony]

The land value may not be subject to city tax? The building values will be subject to city tax?