Tax forgiveness being offered to St. Catharines developers is such a lucrative option that five property owners in the Oakdale neighbourhood are agreeing to pay $25,000 for the chance to be included in the incentive plan.
St. Catharines councillors agreed this week to add the Oakdale neighbourhood - between the CN railway line and Centennial Park - to the city's Community Improvement Plan. But before development incentives can be handed out, a planning study must be conducted, and there's no money in the city budget to pay for it, said a report from the city planner Paul Chapman.
So the five property owners have chipped into pay the $25,000 consulting cost to hire Marshall, Macklin and Monaghan to do the study, said Chapman, and they've already written the cheque.