The announcement that Toronto’s Air Canada Centre is going to be rebranded as the Scotiabank Arena generated about as much enthusiasm as the notice of another road closure. We seem to have reached a tipping point for public toleration of corporate intrusion into daily life. I think I reached the breaking point years ago when I arrived at Union Station and was appalled to see the floors and stair risers of the historic building covered with vinyl-graphics advertising in addition to the numerous posters and ads already covering the walls. Virtually every arts and sports venue in Toronto has been claimed by a corporate brand. I no longer know where many of them are because the current name is meaningless and some names have changed several times.
For years we have been told that wages and corporate taxes have to be kept low to compete globally. Yet the same corporations still have hundreds of millions to spend on discretionary branding exercises, and that’s after paying executives record-breaking, tax deductible, compensation. In 2016, Canadian CEO pay was 159 times greater than the average income (Huffington Post). We are expected to accept corporate names on buildings, arenas, and theatres; transit vehicles wrapped in advertising; bus shelters and litter bins plastered with ads. Every major fund-raising charity event is co-opted with corporate advertising. This is the corporate elite telling cities, “We own you.” Continue reading →
Real estate prices have been in the headlines lately. Buying mania has reached our Innisfil neck of the woods over the last couple of years but I doubt foreign buyers are involved. Looking back over some figures, my property tax increased 73% in the last 16 years (an average of 3.7% per year); “market value” assessment increased by 133% (about 6.3% a year); but the current speculative market value of my property has increased about 500% (or more?) based on real estate agents’ estimates and recent home sales in the area. That’s about 10%/year compounded rate of appreciation.
We get approached about listing our home possibly once a week by mail or in person. I’m told that some real estate agents Continue reading →
A public meeting tomorrow in Barrie (council chambers, 7:00 pm) is further proof that Ontario’s Places to Grow strategy to limit urban sprawl is a failure – at least in Simcoe County. It also confirms that Barrie is a city without boundaries and an insatiable appetite for greenfields.
“The lands are designated Highway 400 Industrial/Business Park within the City’s Official Plan and are currently zoned Agriculture (AG) in accordance with Zoning Bylaw 054-04 (Innisfil). The owner has applied to amend the current zoning of the property to Highway 400 Industrial with Site Specific exceptions …” Continue reading →
In it, he talks about the role of rain in a forest and how it gathers nutrients as it falls and circulates through the forest canopy and down tree trunks, and sustains a great diversity of life in the woodland ecosystem. He compares this to the globalized economy and talks about how a woodland can illustrate a model for a New Economy.
Here’s a brief excerpt. I hope many of you will read the full article (link above). Continue reading →
The wheels continue to spin on a viable plan to bring sewer service to Innisfil Heights industrial lands. The prolonged examination of a strategy centred around the creation of a Municipal Services Corporation has come to an abrupt end.
An early staff report to Council (DSR-53-15, March 18, 2015) discussed a study from KPMG, which included an option for a Municipal Services Corporation:
“… the KPMG study concluded that the best option for the municipality was to create a municipal services corporation (MSC) and place the assets for both water and wastewater into that structure which would enable the MSC to separate the assets and liabilities from the Town’s books. The future debt capacity would vest with the new corporation consistent with the manner in which we handle the financial requirements of INNPOWER …”
“On January 1, 2016, the Town transferred the water and wastewater assets, including two water pollution control plants, one surface water treatment plant, municipal wells and the associated collection and distribution systems to InnServices [Utilities Inc.]. InnServices is also tasked with building over $200 million in new infrastructure …” [Town of Innisfil website] Continue reading →
While Cookstown works within the framework of a Heritage Conservation District to preserve the essence of the community and Alcona struggles to create a new but traditional shopping district, both Innisfil neighbourhoods are plagued with under-utilized and undeveloped commercial spaces.
In my last article, I questioned the logic of giving property tax rebates on empty commercial spaces. It seems entirely counter-productive to the economic and social health of our community. However, in some circles, it’s seen as being ‘business-friendly’. I was told that the real problem is that Innisfil property taxes are too high. It was suggested to me that commercial rates should be lower to compete with neighbouring communities like Barrie. That seems too simplistic for a couple of reasons:
We already tried that approach on a national scale with lower corporate taxes and ended up with companies sitting on what the Bank of Canada described as a mountain of “dead” money. There can be little expectation that lower taxes for landlords would proportionally benefit their commercial tenants.
We shouldn’t necessarily be trying to energize our local economy by impoverishing a neighbor’s opportunities. Can’t we create incentives and opportunities to motivate entrepreneurship within our own growing community?
The factors involved are more complex and in trying to understand it, I came across a revealing article Continue reading →