Rizal Philippines | February 12 2014
Urban renewal projects
Many cities, rent asunder by the rent control law are ugly and in bad state of disrepair. Many landlords do not want to upgrade/renovate their buildings because their rents are frozen. But many cities, if they want to move forward, increase revenues, increase the number of tourist arrivals, must have urban renewal as a project. (That is innovation right). We can help sustain economic development and growth
How does it bring more business:
1. Economic activity construction, construction materials supply, transport, workers, building permits, certificates of occupancy, thus more jobs
2. Investments
3. Building and construction loans
4. Tourism
5 More real estate taxes from new buildings
Q How do you start this:
A. By having a campaign to renew rebuild the city especially with the businessman
Q. What are the positive reenforcement/fiscal incentives:
1. Preferred lending rate for urban renewal from Govt banks
2. Tax holidays for new buildings or renovated buildings;
3. Lower tax rates for new building
No comments:
Post a Comment