Halt development charges on new hotels: Thomson
From the Niagara Falls Review:
A suggestion from Niagara Falls Coun. Wayne Thomson the city and Niagara Region put a moratorium on development charges for new hotel developments is a “really interesting concept,” says regional chairman Alan Caslin.
“I think it’s a great idea,” Caslin told Thomson when he recently updated local politicians about several regional council activities.
“Development charges, as you know, are meant to offset the cost of the infrastructure in the ground and on the streets. Let’s look at it with a lens of what does that infrastructure cost, really, instead of just the cookie-cutter development charge — what’s the real cost of that infrastructure, and is that substantially less than what they would have paid, and is that a benefit that we might be able to afford through economic development.”…
Thomson said Niagara Falls has 27 hotel development projects on the books “that have been approved and ready to go,” but have not proceeded.