Comment 39124

By BH in BC (anonymous) | Posted March 24, 2010 at 21:38:29

Having the city buy property to inflate property prices is a poor idea. What qualifies municipal politicians to be land speculators? It's a frightening combination of incompetence and conflict of interest... How do the people of Hamilton benefit from having their money tied up in underused downtown real estate?

Why would any business want to locate in a city with artificially high real estate? How does this solution address the real problem - a dearth of good businesses in the city? As John points out in his letter, the current tax scheme has created an incentive to NOT do business in Hamilton. The city needs to focus on making itself more attractive, which probably means less meddling, not more.

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