New England hotel granted 10 years tax free

Tax exemption encourages renovations

After years of vacancy, the top three floors above the old ice cream shop on Government Street will soon be filled with the help of a significant tax exemption from the City of Victoria.

Le Fevre and Co. bought the historic building at 1312-1314 Government St. and is planning to renovate the old New England hotel to meet today’s earthquake standards. On Thursday city council approved a 10-year tax exemption to help compensate for the cost of the seismic upgrades, estimated at $400,000.

Over the decade of taxes foregone, the city will lose out on an estimated $350,677. The city’s tax-exemption program launched in 1998. Since then, 22 building renovations have qualified for the exemptions, contributing to the addition of 538 residential units downtown. The latest addition to the program promises 21 residential units above ground-floor retail.

Just Posted

Saanich school grapples with death of 13-year-old

Teenager died after being struck and pinned by tree while on a field trip near Sooke

Yoga takes over Legislature lawn

International Day of Yoga celebration runs Friday from 6 to 7:30 p.m.

No boozing while BC Ferries cruising

Planned June launch for alcohol sales delayed

Downtown Victoria receives B+ grade from local businesses

Downtown Victoria Business Association releases first Annual Report after member survey

UPDATE: Victoria teen killed on field trip near Sooke

Second youth also injured in incident at Camp Barnard

VIDEO: Rare white killer whale captured by drone near Campbell River

The transient orca has been named Tl’uk, a Coast Salish word that means ‘moon.’

Greater Victoria wanted list for the week of June 18

Greater Victoria Crime Stoppers is seeking the public’s help in locating the… Continue reading

POLL: Do you support the government’s decision to approve the Trans Mountain pipeline expansion?

The federal government announced Tuesday its approval for the Trans Mountain pipeline… Continue reading

RCMP deploys special unit in Comox Valley to combat organized crime

Combined Forces Special Enforcement Unit spends four days targeting organized crime in Courtenay

B.C. imposes interim moratorium on resource development to protect caribou

The caribou population in northeastern B.C. has dwindled over the last two decades

Students disciplined after anti-LGBTQ signs posted in Kamloops high school

Vessy Mochikas, SD73’s principal for inclusive education, called incident a learning opportunity

Air Canada expects Boeing 737 Max to resume flying by September or October

Air Canada isn’t worried about safety of the planes, says vice-president

‘The Fonz’ gives thumbs up in letter to dyslexic students at B.C. school

Students in Maple Ridge reached out to Henry Winkler after reading one his Zipster books.

Most Read