Deforest City Blues PT 1: Does City Hall still waive development fees?

I’d like to know because Mayor Joe “10,000 Jobs” Fontana is thinking about a new tax in London in 2012.

The Mayor wants extra cash for an economic development fund or “special levy.” [See article London Free Press]

Oh, pick me, pick me. I’ve gotta question.

City Hall still waives development fees for developers to encourage development, doesn’t it?


["The Blue Heron at Renaissance Towers": photo GH]

For example, didn’t the Corporation of the City of London recently waive its right to over $600,000 of development fees from the developer of the Renaissance Tower situated at Ridout and King? Didn’t it even more recently waive a similar amount again for Tower number two?

In other words, don’t we - the common taxpayer - already pay a huge pile of extra cash - special levy, in other words - for the sake of the local economy?

Wouldn’t then Mayor Fontana’s ‘economic development fund’ on the back of taxpayers actually be called ‘economic development fund 2’?

Come on, Mayor, I’d like to know.

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Help Mayor Joe Fontana with ideas for 10,000 jobs here

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