This isn't good news for Race City

This isn't good news for Race City

Postby rejd » Wed Mar 12, 2008 10:52 am

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Re: This isn't good news for Race City

Postby SMW44 » Wed Mar 12, 2008 11:41 am

Faced with more than a four-fold increase in property taxes, the general manager of Race City Motorsport Park says Calgary is putting the pedal to the _meta_l to drive him out of business.

The popular speedway is already under the gun with the lease on its city-owned land set to expire in 2010.

Rome Awde said his property tax bill spiked from $45,000 to almost $200,000 this year, which could speed the park to an earlier exit.

Awde said the track is already under pressure to find a large tract of land for a new home in a pricey marketplace, but after seeing its property assessment soar from $3 million to $18 million in one year, he believes the city is trying to push them out sooner.

"If the city doesn't go back to the 2007 tax situation, it could quite possibly close down the facility," he said.

"A 600% increase in assessed value from one year to the next, that essentially puts me out of business."

The 64-hectare parcel, on 68 St. S.E. near the Shepard landfill, has been a haven for racing enthusiasts for 40 years, but will have to find a new home by the end of 2010 as the city plans to use the land to expand its operations.

Amy Enfield, a spokeswoman with the city's assessment department, said the numbers were accurate, but it's too early to rule out a mistake.

"Certainly I don't believe the city is in the business of screwing people," she said.

"The city stands behind the process -- the customer would not be expected to pay if there were mistakes made along the way."
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