OPINION: New Proposal best chance for small business
As beloved neighbourhood eateries, mom-and-pop shops and cultural institutions across Vancouver blamed soaring property taxes for driving them out of business in recent years, politicians said they’d look at what can be done.
Now, after several years of study, Vancouver staff are expected to propose a solution to council on Wednesday.
Details had not yet been made public by Tuesday evening, but were provided by people who attended a closed-door briefing at city hall on Friday. Two who attended said the proposal is the biggest step yet addressing a problem business representatives have been complaining about for years.
The solution outlined at the briefing was the creation of a new “subclass” for the development potential in the air above commercial properties.