Posted: Dec 18, 2020 10:37 AM CT | Last Updated: December 18, 2020
Smith Street Lands Ltd. asked for a tax exemption on almost $700,000 owed to the city.(Bryan Eneas/CBC) comments
Regina city council has rejected a developer s request for a property tax reduction.
Smith Street Lands proposed buying the property formerly slated to house Capital Pointe, but said it would only do the deal if city council reduced tax penalties on it by about $692,562.60.
Those penalties have been accumulating since July 2018.
Robert Goldman, president of Smith Street Lands, and lawyers Tony Merchant and Dave Brundige all spoke to council on the request on Wednesday. City administration recommended council deny the request.
City council denies tax break for potential Capital Pointe buyers
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