© Times-Herald photo by Lisa Goudy
City hall is seen on Monday.
Vacant commercial and industrial lands are defined as “strictly vacant, empty land,” according to Brian Acker, director of financial services.
Vacant commercial and industrial lands will see a mill rate factor 2.5 times higher than developed commercial and industrial property as of Monday’s council meeting.
Acker estimated it will generate $260,000 in revenue to the city and that money will be reallocated to help develop commercial and industrial land.
“So it is revenue-neutral for the city,” said Acker.
But Coun. Brian Swanson said the initiative, which is the first of its kind in Saskatchewan, is “short-sighted” and “easily averted.”
For more details, check out the website later this afternoon.