Tuesday, June 21, 2011

CIP Approved for Abitibi Lands

Kenora City Council has passed the Community Improvement Plan for the Abitibi lands on 9th Street North, but not without some debate.

Councillor Louis Roussin says he's not comfortable giving out tax breaks, when businesses are going to be making a profit.

But councillor Sharon Smith defending the tax incentives, saying they need to do something positive to encourage industry to set up on the former mill property.

The tax incentives call for a phased in industrial tax rate of zero percent in the first year, with a 20 percent increase in taxes over the next five years.