Comment 17589

By jason (registered) | Posted January 24, 2008 at 13:46:12

certainly some interesting ideas there....couple questions though: - find me another city that sold off ALL city-owned properties. Talk about a recipe for a quick bankruptcy. Owning properties is a huge asset (much like you or I owning a home) and a huge boost to a city's credit rating. - give industry tax free land AND lower residential tax by 50%??? Hamilton would be bankrupt in a heartbeat. How are we going to offset the 50% reduction in residential taxes AND complete elimination of industrial taxes??
We'd be bankrupt and own nothing at the same time. Not a recipe for seeing the city "boom". Ka-boom maybe.

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