City touts tax plan to boost business on Montreal Road

The City of Ottawa could is putting its money where its mouth is in an attempt to boost business development inVanier.

On Wednesday,Mayor Jim Watson and Rideau-Vanier Coun. Mathieu Fleuryproposed a property tax incentive for business owners setting up shop on Montreal Road, the neighbourhood's main thoroughfare.

'I really believe that it's Vanier's time.'- Coun. Mathieu Fleury

Under thecommunity improvement plan, business owners who redevelop a commercial property can apply for a 75 per cent rebate on any tax hike resulting from the property's increased value. They must invest at least $50,000 to improve the property, and would be able toapply for the tax relief for up to10 years,.

Certain developments may qualify for a fullreimbursement of tax paid on the added value, including properties with space for affordable housing, cultural activities or social enterprises.

City hoping to give Vanier a boost with new tax rebate

6 years ago

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The new proposal would allow people who redevelop property along Montreal Road to get a deal on their property taxes.

Diversify businesses

Watson said Montreal Road has too many tattoo parlours and payday loan outlets, and needs to attract new kinds of businesses.

"You need to get some anchors on Montreal Road that act as a magnet for the rest of the city to come and visit," he said, pointing toMountain Equipment Co-op store in Westboro as an example.

"I believe Vanier and Montreal Road is going to be the next 'it' neighbourhood that people are going to want to invest in," Watson said.

Anger over shelter

Fleury echoed the mayor's confidence.

"I really believe that it's Vanier's time," he said.

City council came under heavy fire from many Vanier residents after approving a move of the Salvation Armyhomeless shelter from the ByWard Market to Montreal Road.

If council signs off on the tax incentive, it will come into effect just as Vanier is undergoing a major infrastructure renewal project, Fleurysaid.

"We have put all the tools the city has at its hand into this. We believe in the importance of renewing Montreal Road," he said.