The City of North Battleford has approved a downtown tax incentive for the building that will house the new Giant Tiger location.
The tax incentive application was filed by Curtis Lemieux of CR Developments Inc., which will be leasing the 20,000 square foot retail property to Giant Tiger for their new retail store. The location is 1121-102nd Street.
According to a memo from director of planning and development Jennifer Niesink, this build met all the criteria for the tax incentive. Those include its location within the downtown BID district, with new construction of the building happening on vacant property, and with the construction value being greater than $500,000. The estimated cost for the project, according to the application filed with the city, is $2.5 million.
The incentive runs for five years and is calculated at 100 per cent discounted from municipal taxes through years one through three, 75 per cent in year four and 50 per cent in year five. The application was approved unanimously.
In speaking to reporters, Mayor Ryan Bater was excited to see the development happen in the downtown.
“It’s a big investment by the city, but it’s also a big investment by this company,” said Bater.
“Everybody can see it being constructed downtown, and according to the schedule we saw tonight, sometime in the summer of 2019 a new store will be open in downtown North Battleford.”
