TAXED OUT Launch Event

The Ryerson City Building Institute combines leading-edge research with broad public engagement to advance progressive city building in the GTHA and beyond.We envision a future in which all cities are prosperous, equitable, environmentally sustainable and resilient. In collaboration with the Ryerson community and external partners, we produce public policy research and share insights addressing diverse urban challenges to promote healthy neighbourhoods, cities and regions, starting with the GTHA. We are recognized for our accessible approach to knowledge mobilization, our multi-disciplinary perspective, and for providing leadership and dialogue that motivates action on important issues.To learn more, visitwww.citybuildinginstitute.caand follow@RyersonCBI.

Ryerson City Building Institute

<H2 CLASS="vc_custom_heading">TAXED OUT</H2>
<H3 CLASS="vc_custom_heading">Can Toronto's retail main streets survive?</H3>
Intense, rapid development in Toronto has led to massive hikes in commercial property values and taxes. Independent businesses are feeling the crunch. Many have closed, and more are threatened by rising space costs. TAXED OUT, an exhibition produced by the Ryerson City Building Institute, presents a view of the issues facing small, local businesses in our communities.
Join us for our launch event for a panel discussion with featured guests:
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Kristyn Wong-Tam (Toronto City Council Candidate)
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LoriAnn Girvan (COO, Artscape)
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Mark Garner (Executive Director, Downtown Yonge BIA)
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Peter Tomlinson (tax policy expert)
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Rob Sysak (Executive Director, West Queen West BIA)
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<H4 CLASS="vc_custom_heading">Background</H4>
Toronto’s intensive growth has reshaped the skyline in recent years. It has also ushered in a new and perverse system of property tax assessment known as “highest and best use.”
What does this mean? The Municipal Property Assessment Corporation (MPAC) will assess a commercial property’s value according to what it could be, rather than what it is. As a result, property values have been skyrocketing in Toronto, and with them, commercial property tax bills.
This system has put enormous financial pressure on the diverse businesses and organizations responsible for paying these escalating bills, forcing cutbacks and sometimes, full closures.
If we don’t find solutions, the result may be the full-scale hollowing out of independent culture, heritage, local entrepreneurship and small business across the city.
TAXED OUT puts this policy issue on display, featuring facts and figures alongside street photography and archival images, to illustrate the vitality on our streets we’re at risk of losing, and have already lost, and raise a call to action.

Urban Space Gallery

Thank you for registering. We look forward to seeing you at Urbanspace Gallery on September 12 for TAXED OUT.

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TAXED OUT Launch Event

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