The Surrey Council has put a stop to the rezoning of industrial land – it looks like they’re having a similar problem to Vancouver: Condo’s just don’t bring in the taxes like business do:
The city has only 1,300 acres of vacant developable industrial land, a figure which had been dwindling. Surrey put a stop to that Monday afternoon.
â€œAn interim policy to protect the cityâ€™s current supply of industrial designated land is considered to be a first step in curtailing any further erosion in Surreyâ€™s employable lands base,â€ the staff report says.
The latest housing boom hasnâ€™t helped Surreyâ€™s imbalance of taxation, Gill said.
â€œWhen you put residential everywhere, youâ€™re not covering your costs of your infrastructure, in terms of your policing, your fire, your city costs,â€ said Gill, also the chair of the cityâ€™s finance committee.
Gill wants to see a plan beyond the industrial lockdown that would include enticements for industries â€œthat would have a very high ratio of employment.â€