Thursday, March 25, 2010

News: Tax Credits to Boost Downtown *Updated*

From today's Winnipeg Free Press:

Premier Greg Selinger, Mayor Sam Katz and property developer Qualico are expected to attend a 10:30 a.m. press conference in the Exchange District to announce the province's tax-increment financing program, a funding mechanism that allows new taxes that flow from new developments to further fund those same developments or others within blighted areas of a city.

Here is some background on the Province's TIF Program
Province of Manitoba: News Release 12 Jun 2008


Downtown residential development grant program aims to boost downtown development ...
Journal of Commerce, May 17, 2010

Downtown housing just the start
Winnipeg Free Press (op-ed) Mar 29, 2010

A $20m leap for downtown
Winnipeg Free Press March 27, 2010

Developers hail downtown housing aid
Winnipeg Free Press March 26, 2010

City, province unveil tax incentives for downtown housing development
Winnipeg Free Press March 25, 2010

$20-million, Downtown Residential Development Grant Program Offers Downtown Living Choice for Many Income Levels
Province of Manitoba Mar 25, 2010

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