In May 2012, Council adopted the City of Cranbrook Downtown Revitalization Tax Exemption Bylaw No. 3746, 2012. The bylaw was established to grant revitalization tax exemptions to applicants who undertook improvements to property in the downtown including façades or developing a mixed commercial / residential use project. Qualification is based on a specified amount required to be spent on the improvements and is directed to the immediate downtown area.
After a couple of extensions, the Downtown Revitalization Tax Exemption Bylaw did expire on December 31, 2022. However, with the recent completion of the Downtown Revitalization Master Plan, one of the short-term priorities highlighted includes building a new Downtown Revitalization Tax Exemption Program. This project may be considered by the City in the future, as we move forward with the implementation of the Downtown Revitalization Master Plan.
For more information or if you have questions, please contact:
Rob Veg, Manager of Planning
Engineering & Development Services