Address:
Parkway is a proposal to restore the two-storey Wellburn's Market building at the intersection of Cook Street and Pandora Avenue and to construct a low-rise new-build residential building on the market's adjacent parking lot along Cook Street.
Note: partial demolition occurred in 2022.
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developers excavated below the original building foundations and they intend to build higher than allowed, among other things.
That seems a bit odd /unclear.
A city staff report had recommended council decline the application, as it meets only a few of the nine criteria required for the tax-incentive program
https://www.timescolonist.com/local-news/developers-of-former-wellburns-site-to-get-three-year-tax-exemption-8561797
Dave Thompson and Chris Coleman were the only councillors to vote against the tax break. Both said that rather than approving the tax break for developers that don’t meet the required thresholds, the city should work on amending the criteria for the tax policy.
“If we don’t like the policy, then we should change the policy,” said Thompson.
Coleman said the only saving grace of giving a tax break to a project that meets only three of the nine criteria is that the city gets a rental building partially restored for heritage value.
“That may give solace to some, but I’m really struggling with this one,” he said.
That's pretty stingy on encouraging developers to do the right thing, but three years of exemption is better than none. I'm glad the developer kept up seeking it.
Now we're getting somewhere.
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