The six storey, $15 million hotel at 15 Front St. will be exempt from paying roughly $200,000 in taxes per year. Submitted
April 4, 2017 - 12:37pm
Updated: April 4, 2017 - 2:26pm
NANAIMO — A proposed hotel project in downtown Nanaimo will be exempt from municipal taxes for 10 years.
Council has approved the roughly $15 million Front St. project for the exemption under a City program designed to spur new hotel and motel investment.