Calgary's business community disappointed as property tax burden set to rise yyc yyccc yycbiz
Militano also heads a company that owns the building where Carbon Graphics is located. There are five tenants on the second floor, two of which had to close in the past couple of years. While property taxes were not the only factor, they were one of many pressures.
Tsu said the hit to local restaurants and bars coming out of the pandemic and due to inflation is just beginning to be understood, and this will make it that much more difficult for them. In particular, he is concerned about the future for businesses on 17th Avenue with another construction project on deck, which will eat into revenues while facing another hike to costs.
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