Tax incentives for new Comfort Inn

The City of North Battleford has granted tax incentives in connection to the new Comfort Inn and Suites development in the southeast of the city.

The hotel development was announced recently and will be going up near the Frontier Centre mall.

The resolution passed unanimously at council Monday called for “taxation incentives be provided to CCR Investments Ltd. for the development of a 99 room Comfort Inn and Suites Hotel.”

In 2016, taxes are to be calculated based on strictly the value of the land regardless of whether the hotel is in operation. In years two and three, a 50 per cent taxation exemption is to be given and in year four a 25 per cent exemption applies.

The tax incentives had previously been approved at a meeting of the executive committee before going to council for final approval. 

It was Monday the incentives for the Comfort Inn development are not quite as generous as ones granted to some other recent hotel projects in the city.

It was pointed out Gold Eagle Lodge received 100 per cent exemption for five years for its development.

Another tax exemption was approved in 2013 for a proposed hotel in the southeast that ultimately did not go ahead. Those incentives started at 100 per cent in the first and second year and then 75 per cent in year three, 50 per cent in year four and 25 per cent in year five.