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By John Neary (registered) | Posted March 23, 2010 at 14:32:12
@canbyte,
The city is paying $30 million for the (restored) Lister Block. And the owners of the Connaught had hoped to get $18 million from the province to renovate the Connaught -- the ownership of which would not change hands.
"Without being draconian" ... I must be missing something. I believe in the right to own private property. But I don't see anything draconian about a tax system that creates incentives for success rather than failure. (I'm talking about property tax on investment property, not personal income taxes.)
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