IMFG author Professor Harry Kitchen was quoted in an article entitled Councillors defend hotel funding plan in the Prince George Citizen.
Trent University economic professor emeritus Harry Kitchen said the bulk of evidence on revitalization tax exemptions show the vast majority do not lead to increased economic activity.
“If they need a tax incentive in order to survive you’ve gotta ask yourself if it’s worth giving to them in the first place,” said Kitchen, who worked as a consultant and advisor for a number of municipal, provincial and federal governments and has written extensively on local government expenditures finance, and governance in Canada.
“It may mean there isn’t enough of a market to support what you’re after.”