LETTER: City should stop subsidizing properties

The problem downtown is operators are unable to stay viable and go out of business.

One idea for Mayor Lisa Helps in regards to all the vacant buildings downtown is to work with new or existing businesses interested in relocating or for start up assistance for them directly instead of giving landlords more profits that they already receive.

The problem downtown is operators are unable to stay viable and go out of business. Rent is a major factor.

What is not a problem is landowners going bankrupt with investment property in the downtown. So the tax base is not a problem for owners nor are empty buildings for them.

That being said the city could look at buildings they own downtown that are leased out and see if any of their tenants would like to move.

The city in a way is subsidizing business already with buildings they manage. So moving businesses like these or charging competitive rent in those locations would help finance an initiative for the downtown core.

Shawn Kuemper, Victoria


Just Posted

Hundreds of foreign species still washing up on B.C. coast, eight years after tsunami

The Royal BC Museum is home to thousands of samples collected along the west coast of North America

Victoria first Canadian city to join United Nations tree planting challenge

The City of Victoria pledges to plant 5,000 trees by the end of 2020

Car drives into Vic West TD Canada Trust building

No one was injured, building damaged

VIDEO: Grizzly bears fight along northern B.C. highway in rare footage

Cari McGillivray posted the head-turning video, shot near Stewart, B.C., to social media

Handgun crackdown, health spending and transit plans latest campaign promises

Friday was the end of a busy week on the campaign trail

B.C. woman photographs massive ant swarm on Abbotsford driveway

She asked what the ants were doing? The answer: war

Police arrest B.C. phone scammer linked to illegal call centres in India

Person arrested in Burnaby here on a work visa, says police

Air Canada forced girl, 12, to remove hijab: civil rights group

The San Francisco Bay Area office of the Council on American-Islamic Relations calling for change

Man from Winnipeg who was hiking alone found dead in Banff National Park

RCMP say the man was hiking alone on Mount Temple Thursday

Resident finds loaded shotgun inside a duffle bag in Kelowna alleyway

RCMP seized a loaded 12-gauge shotgun, ammunition, clothing and other items

Graffiti, calls and Snapchat: RCMP probe string of threats targeting Kamloops schools

There have been nine different threats made to four different schools in the city

B.C. truck drivers to face higher fines for not using winter tire chains

As of Oct. 1, not using chains on the highway when required could net you a $598 ticket

Most Read