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View Full Version : City gives Essar Steel Algoma tax break on executive manor



IMHO
12-19-2015, 11:29 AM
One has to wonder if ESSAR paid the REDUCED tax it got or is it outstanding as well ???
There would not be much point in giving them a break if they do not pay ANY of the tax bill.
Nice break though ...on top of the millions they already owe in back taxes.

BFLPE
12-19-2015, 12:38 PM
...was one of 15 properties granted heritage rebates on their 2014 property taxes at the most recent meeting of City Council.

The city allows homeowners to apply for property tax rebates to encourage restoration and preservation of unique heritage assets.




Owners participating in the heritage property tax rebate program must re-apply each year, indicating what work will be done to maintain the property.



Members of the Sault Ste. Marie municipal heritage committee and city building Inspectors conduct annual inspections to make sure maintenance plans are being followed...http://www.sootoday.com/content/news/details.asp?c=101393

So this is nothing new and not unique to Essar.

Anapeg
12-19-2015, 02:30 PM
Were the city to lessen the amounts they waive perhaps the balance of the taxpayers wouldn't have quite so much ammunition for their complaints? Simply a thought.

IMHO
12-19-2015, 02:44 PM
I WONDER UNDER WHAT AUTHORITY CAN THE CITY JUST SIMPLY REDUCE someone's taxes. What else goes on behind closed doors?

BFLPE
12-19-2015, 02:52 PM
I don't know if the doors are closed but the info is made public.

It doesn't seem like a bad idea actually (heritage property tax rebate) if it does as intended. It's not cheap to maintain something like that and beats the heck out of them becoming run down rooming houses.


Owners participating in the heritage property tax rebate program must re-apply each year, indicating what work will be done to maintain the property.



Members of the Sault Ste. Marie municipal heritage committee and city building Inspectors conduct annual inspections to make sure maintenance plans are being followed.

Anyway, like it or not this program is nothing new. The fact Essar owns one of the buildings has nothing to do with their failures to keep up on all their debts. If they didn't maintain this property, hence the rebate, sooner or later we'd be whining about how they're bringing down property values in the neighbourhood. SooToday made a story out of nothing and people who can't read beyond the headlines are probably running around telling stories about how Essar is getting special treatment, which they are not.

IMHO
12-19-2015, 04:13 PM
Of course SOOTODAY pointed out ESSAR to make the article more "meaningful". Nothing gets us going these days than any news concerning ESSAR.

steve
12-19-2015, 09:40 PM
what we seem to forget about essar is that they inject millions of dollars in wages to its workers in this city,and it has paid others, yes they still owe but they did pay well for a long time.As bad as it is well over 1/2 of us would not live here if not for Algoma/now essar.

Anapeg
12-20-2015, 10:45 AM
what we seem to forget about Essar is that they inject millions of dollars in wages to its workers in this city, and it has paid others, yes they still owe, but they did pay well for a long time.As bad as it is well over 1/2 of us would not live here if not for Algoma/now Essar.

You make a good point yet what they were is not nearly as important as what they are now. I fear the fall out of their not paying the local business has yet to be felt.

steve
12-20-2015, 09:27 PM
Why is this time different from the two other times Algoma went bankrupt?the same thing happened to local business's in the 1990s and 2000,if it wasnt for the essar group the plant would've closed for good in 2008.imo

Anapeg
12-20-2015, 09:47 PM
Why is, this time, different from the two other times Algoma went bankrupt?the same thing happened to local business's in the 1990s and 2000, if it wasn't for the Essar group the plant would've closed for good in 2008.imo

The economy? The locals had more than the plant, not necessarily so today. When there is but one game in town and that game gets too expensive to support, what would you do? As a person who has had two businesses I would either fold my tent and move operations if it was financially possible or, worse case scenario, go into bankruptcy. At the very least downsizing of operations will be in order. The banks lack the humour they exhibited years ago.