New Dawn says it welcomes government capital funding, but the unintended consequence is higher property tax
CBC NewsTom AyersNew Dawn Enterprises is grateful for a federal-provincial infusion of millions of dollars into the new youth facility that's about to get built in Glace Bay, N.S.
But the non-profit agency says the investment comes with an unintended consequence.
The brand new building will dramatically increase the property value and, as a result, the municipal taxes.
"It puts you in a very precarious position," said New Dawn vice-president John Whalley. "So you go into this property development — a large develop…
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