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Edmonton Journal

Thursday's letters: Let downtown developers pay their way

Article content Edmonton city council will be hearing opinions on extending the Community Revitalization Levy to fund ongoing spending — they will say generational investment — on the downtown. While it is true that a strong downtown is better than a weak one, there comes a point where it's time for business to invest in the projects that they will be profiting from. Developers such as Darryl Katz continue to claim that they need incentives to invest in projects — most of which primarily benefit their own bottom lines. It used to be that the profits generated by their investments were incentive enough. But now they want more and Katz and his developer colleagues see an easy mark in our current council, endlessly chanting about partnerships with the city and shared opportunities to encourage our city administration and council to handicap our future finances for developer profits today.