In The News
No ‘worst case’ for development
Date: July 13, 2010
Source: thespec.com
A citizens committee has been told there’s no financial worst-case scenario if the city moves to open farmland around the Hamilton airport to development. The comment came after Michael Desnoyers of Hamiltonians for Progressive Development took issue with a report that said the city could reap $52 million a year in tax revenue when the land is fully developed. The report said the amount was $66 million, but the city would have to spend nearly $14 million each year for discounting industrial development charges.
