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By Steve (registered) | Posted July 28, 2011 at 16:05:53 in reply to Comment 67041
A few points of comment.
If private sector space remains empty for what I think is 90 days, the owner can apply for a large rebate on the property tax. So the property tax they pay could be signicantly reduced.
It's worth pointing out the $20M will be essentially the remaining portion of the Future Fund, and Council's track record - Ivor Wynne rebuild - is to provide it as a grant, not a repayable loan.
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