Prospective Capital Pointe land buyer to present case to council for $700K tax penalty pardon on property

City council previously approved a temporary one-year parking lot for the property. In its submission, Smith Street Lands said it has seen some speculation in the media and on Twitter that the group may keep the parking lot longer than planned.
"This is one, not accurate and two, an uneducated opinion as it pertains to the parking business," Smith Street Lands said. 
Owners of downtown parking lots previously told the city council that they are in tough positions right now as the pandemic has drastically reduced people parking in the area. 
The Capital Pointe lot, located at the corner of Victoria Avenue and Albert Street, is up for debate once again at city council on Dec. 16. (Matthew Howard/CBC)

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