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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 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) ....