As real estate and property values have skyrocketed across Vancouver, the rental and lease rates for cultural and arts spaces has increased as well.
The loss of rental space for cultural organizations has made it difficult for these groups to function.
At OneCity, we will act to protect the cultural organizations and creative hubs that connect us to each other and our city. We need to ensure there is rental space available to continue the work they do to connect us to history, culture, music and each other.
ONECITY WILL ASSIST ARTS AND CULTURAL GROUPS BY:
- Exempting buildings that house artists and non-profit organizations serving a minimum number of cultural workers and organizations from property tax (to be developed in further consultation with local arts-serving spaces).
- Developing a mechanism through which landlords serving cultural groups are given a tax exemption, with a mechanism to guarantee this exemption is passed on fully to those tenants.
- Examining the successes and challenges of the implementation of a similar policy in Toronto. https://www.thestar.com/news/queenspark/2017/09/26/401-richmond-getting-property-tax-relief.html