If Ottawa wants to truly be a world\u002Dclass city, we need to be prepared to invest, a former mayor of the city says.
Yet, what do we do to address these properties? It’s not fair to ask taxpayers to pay to clean up land that private industry may have polluted. Nor can we expect corporations to take on the additional cost and risk of building on contaminated land when there is so much space still available to develop in Ottawa.
That’s why I led the city in implementing Brownfield CIPs to provide companies that built on contaminated land a tax rebate from the new tax revenue generated by upscaling the property. These tax rebate grants ensure that the city does not lose out on any currently generated revenue and gains a portion of the new tax revenue generated by the redevelopment for the duration of the rebate grant period.
Each CIP has its own unique purpose and restrictions. In the case of Brownfield’s, the majority of the rebate funds must be used for the cleaning of the polluted land and the various regulatory requirements related to that process. For our city’s airport CIP, implemented after my time in office, the program is limited to development that will enhance the airport’s viability as a truly international hub.
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