Heavy construction equipment is pictured at work in The Yard district this summer. (Susan McNeil/paNOW Staff)

By Susan McNeil

Tax and development

No tax breaks in The Yard, extra fees may apply

Nov 8, 2022 | 4:00 PM

City council has ruled out any tax incentives for businesses that build in The Yard, the new development on the south side of the city that also will include the aquatic centre and twin pad arena.

Based on a motion by Mayor Greg Dionne, council also voted to explore an eight per cent levy on those same properties.

“It was well known when we went into this partnership, that we weren’t going to allow any incentives because the rink and the aquatic centre is our incentive,” Dionne said.

The eight per cent levy, if passed, would help pay for the costs of the city-owned development which, along with the building under construction, also includes a proposed WHL arena.

“We all know that water parks do not make money,” Dionne said. We’re proposing an eight per cent levy that would go directly to the cost to operate and lessen the subsidy that the taxpayers would pay.”

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No timeline has yet been set for when the proposed levy would be finalized but no construction has yet been completed.

The development company that owns The Yard says an automotive dealership, a hotel and a food service hub have all been confirmed for the location.

Nearby, in The Junction, also owned by Signature Developments, the R.M. of Prince Albert will build a facility and a “large agricultural and rural distribution service supplier” has been confirmed.

That location is just south of The Yard and includes the intersection of Highway 11 and Highway 2.

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susan.mcneil@pattisonmedia.com