CORNWALL Ontario – A local developer and investment group was left perplexed after Mayor Kilger voted to flip flop on the PAC decision to award a $1.8M tax credit to their $7 million dollar project.
Jack Haines and his team who were at the council meeting were stunned by council’s decision.
The credit was in the form of a tax vacation for the property which right now is dormant land.
The project was to create 40-50 apartments on part of the old Courtalds site in the East End in Cornwall which is desperate for development.
Mr. Haines remarked that with Councilor Thibault missing at the meeting it allowed the mayor to reverse PAC’s decision.
We will be updating this story in our Council coverage later in the day.