northlands
Senior Member
Member Bio
- Joined
- Jun 18, 2019
- Messages
- 2,808
- Reaction score
- 11,839
- Location
- The trenches (Downtown)
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"He said the City of Edmonton declared the building derelict, meaning its annual property taxes had jumped from around $7,000 to $21,000 per year by the time the mural was commissioned in 2024. Casia has received a demolition permit and expects to knock the building down in the next few weeks. After that, Casia plans to build multi-unit housing on that site and the surrounding property, but when and how much are to be determined, Borys said. (One option is to build two 25-storey towers.)"
Kind of neat seeing the City's derelict residential property tax adjustment work in a real example.
"He said the City of Edmonton declared the building derelict, meaning its annual property taxes had jumped from around $7,000 to $21,000 per year by the time the mural was commissioned in 2024. Casia has received a demolition permit and expects to knock the building down in the next few weeks. After that, Casia plans to build multi-unit housing on that site and the surrounding property, but when and how much are to be determined, Borys said. (One option is to build two 25-storey towers.)"
Kind of neat seeing the City's derelict residential property tax adjustment work in a real example.




