A Jasper Avenue business owner wants city council to waive part of his municipal taxes as compensation for losses he blames on downtown construction projects.
Thomas Yu operates a convenience store and tailor shop within the Central Station LRT pedway system.
In a letter to city council, he says he’s seen a 70 per cent decrease in foot traffic past his shop since rehabilitation work began on the LRT station and Jasper Avenue last May.
Yu also says the construction has prevented him from posting any signs for his business, and has complicated deliveries to his store.
Because the city does not compensate business owners for financial losses due to municipal construction projects, Yu is instead asking that his property taxes be cancelled for the duration of the interruption.
Based on a business interruption lasting eight months and figuring in a 70 per cent reduction in the property tax compared to what he paid in 2012, Yu is requesting a municipal tax cancellation in the amount of $742.77.
The city's executive committee is scheduled to discuss Yu's proposal on Monday. But, a report from administration recommends that the city deny his request.
"No policy exists that provides compensation as a result of construction work," the report says.
"Providing tax cancellation would create a precedent for future requests."