Comment 56275

By trevorlikesbikes (registered) - website | Posted January 13, 2011 at 20:35:58

Let's say this albatross gets 1/2 rebuilt on the IWS with all the FF money, which is a deplorable thought. And lets say that it's semi successful and as a result property values go up.
Can the owners of the houses in that area afford to see their property taxes go up as a result of generous reassessments? Now i know your saying "MPAC would never overvalue an assessment." So there's my thought. Now i'm not going to scream gentrifications cause i really truly don't believe that this giant shartnugget can do that in that area. I speculate (like the thespec.com does every day) that the property values will go up enough that the taxes raise well but not enough to make it worth moving from the area (when you factor in realtor/legal fees.)

WH however when you combine a velo or community stadium with the waterfront and sailing and all that would be a true speculators gold rush.

Looks like either way i'm moving.

IWS - outta hamilton proper

WH - to the WH no doubt

Comment edited by trevorlikesbikes on 2011-01-13 20:36:23

"we can't solve problems by using the same kind of thinking we used when we created them." ~ A. Einstein

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