Declining value of downtown properties could result in $89 million tax relief program for Calgary businesses

Continued drops in property values in Calgary’s downtown core are resulting in a big financial headache in the city — especially for business owners. A new report shows that the city will have to spend nearly $90 million to deal with the problem and that could affect homeowners too. Carolyn Kury de Castillo has more.

• Declining downtown property values could result in $89-million tax relief program for Calgary businesses