Apparently all the increased tax revenue and building permits don't cover the infrastructure outlay (streets, sewage, etc.) This is how Ottawa always explains their need to continue raising residential taxes (never mind that the income grows 7% or more each year simply because of the higher assessments, then they raise the mill rate anyway). What the City has failed to explain is exactly what happens when the roads and sewers are done, and the residential taxes from the new houses continue to be collected every year -- surely, at some point, you finish paying off the initial costs and the maintenance costs are much less than the taxes collected. I guess that's where salary raises come into play.SeawaySensFan wrote:Looks like the area around Canadian Tire Centre is growing at a significant rate with retail and some 1700 homes, according to this article.
http://www.ottawacitizen.com/business/Bass+Shops+coming+Ottawa+2015/9160592/story.html
Businesses and real estate developers see it as a destination but City Hall doesn't. Yet they have no problem cashing in on the increased tax revenue and building permits indirectly generated by the CTC.
GM Hockey