Did anyone see Aaron Paquette on Real Talk - he was going to run for mayor, but family tradegy earlier this year with loss of son ended that plan.
This gets people's backs up but he talked about how Edmonton is at a real disadvantage to Calgary in terms of our regional set up.
Calgary has 90% of their region's population paying taxes in Calgary to cover their bills (services and infrastructure costs etc), he said, versus 70% in Edmonton paying ours because we are much larger region and have a lot more people using Edmonton services yet paying their property taxes elsewhere.
So in essence - at a dinner party for 10, there are 9 people splitting the bill in Calgary versus 7 people in Edmonton - meaning we pay more.
He says he's not making a judgement - just stating reality. He says of course people in the region come in and shop here and spend money here, but simply put, the city does not recover enough from the region to offset the costs.
He said Edmonton has to get a lot more competitive. His idea for dt is to use CRL money to offer developers 0 tax increases on the base right now that would last 5-15 years. That he said would unlock significant development by de-risking the projects.
That, he figures, would bring 20,000 more people calling dt home which then snowballs for other business growth and overall dt attractiveness.
He also talks industrial growth and greenfield development. As Puneeta McBryan stated on Real Talk today, the city is losing out significantly in industrial growth to the benefit of the region and the city is at a disadvantage in this competition given our size and all our other needs that we must look after compared to the region. (She noted the key ingredients for industrial is land, roads, water and power and the region is awash in those).
Anyway, here is link to episode for more more details.