Photo by Vince Fedoroff
INCENTIVE POSSIBLE – Jamie Milligan has received a development permit to build four townhouse units at this 1515 Dogwood St. site.
Council studies incentive for townhouses project
A Porter Creek property owner could soon be approved for a development incentive worth up to $500,000 over a 10-year period.
A Porter Creek property owner could soon be approved for a development incentive worth up to $500,000 over a 10-year period.
As city planner Mike Ellis told council in a report at its meeting Monday evening, Jamie Milligan was recently issued a development permit to build four townhouse units at 1515 Dogwood St.
“This development meets the criteria for the major development incentive, and administration is bringing a Development Incentive Agreement forward approval,” Ellis said.
The development incentive policy was put in place to encourage various types of development in the city such as rental housing (as is the case here), mixed-use development and supportive housing.
Developments must meet certain criteria to receive the grant each year. The amount of the grant is based on the increase to property taxes as a result of the improvements on the land.
“The Development Agreement lists the total value and timeline of the major development incentive and specifies that the rental housing must be owned and operated by Mr. Milligan for a minimum of 10 years, or he will be required to repay the city for all grant money disbursed,” Ellis said.
“However, the agreement can be transferred in full to another owner with city approval, if the owner chooses to sell or transfer the property.”
Council will vote on whether to approve the agreement next week.
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Comments (7)
Up 5 Down 1
Josey Wales on Jul 24, 2018 at 12:03 am
Get ready for yet another round of corporate welfare, as certain as getting wet in the rain naked.
Ya’ll may be happy...but I seriously think it is time to leave this completely engineered and entitled s**thole.
Our civic team is completely clueless.
Up 8 Down 1
Miles Klondike on Jul 23, 2018 at 5:28 pm
Council seems to give away tax dollars so easily. They have given away the trails to noisy machines and the streets to dangerous drivers. Downtown seems to have been given away to drunks.
I will give my vote away to someone who is honest and wants to make a difference in the old school way.
Up 13 Down 1
Johnny Robertson on Jul 22, 2018 at 10:59 pm
We need a council that can control the purse strings in an efficient and fair manner.
Up 15 Down 1
north_of_60 on Jul 21, 2018 at 9:46 pm
Any taxpayer funded incentives should be for affordable apartment buildings. That's what's needed not more high profit luxury condos and town houses.
Up 9 Down 2
jean on Jul 20, 2018 at 6:33 pm
Where were the 'development incentives' to build apartments in WB when the government knew fully well there would be a housing shortage for new staff at the CCC?
Up 16 Down 2
Ginger Johnson on Jul 20, 2018 at 5:37 pm
More taxpayer money being given away - it has to end
JOE SPARLING FOR MAYOR
Up 24 Down 3
Joe on Jul 20, 2018 at 3:06 pm
Why do I have to pay for someone else's housing? This tax break is a direct subsidy which results in more profit for the developer. So tired of the wasted tax dollars.