Committee supports $2.9M tax break for Porsche dealership - News Summed Up

Committee supports $2.9M tax break for Porsche dealership


Ottawa's finance committee has unanimously approved a tax break worth up to $2.9 million for a future Porsche dealership on the main business strip of a lower-income area — despite residents who argued it would be "social assistance for millionaires." The Porsche dealership would create 20 more jobs than the 40 at the site's existing luxury car dealership, the owners said. "It's the kind of investment we're hoping to see more of along Montreal Road," said Don Herweyer, the city's director of economic development and long-range planning. The city is currently doing extensive work on Montreal Road and says the site would be a 'gateway' to Vanier. He dismissed city staff's assessment that the Porsche dealership would be a suitable "gateway" to Vanier, saying that was "detached from reality."


Source: CBC News May 19, 2021 00:22 UTC



Loading...
Loading...
  

Loading...