Not just the high street but also high density housing around as its the most valuable land in the city.
But I think it should all be done at market rate. Set a target of say 95% occupation and set the rate at that. If it’s 0 or if it’s 1,000,000 then so be it. The money can get returned to the town. Maybe have some alterations to this. Like 5 year contracts and if you renew you get a discount.
Land value tax is the closest we have to this and thankfully Wales is bringing it in. Its a very good system.
Not just the high street but also high density housing around as its the most valuable land in the city.
But I think it should all be done at market rate. Set a target of say 95% occupation and set the rate at that. If it’s 0 or if it’s 1,000,000 then so be it. The money can get returned to the town. Maybe have some alterations to this. Like 5 year contracts and if you renew you get a discount.
Land value tax is the closest we have to this and thankfully Wales is bringing it in. Its a very good system.