G
they feel the tax breaks will be there forever
...relief available for building city centre car parks even after it's been recognised that they are not environmentally or socially desirable.
using tax relief as a subsidy mechanism means that the government loses all control over the level of development
Developers would apply for the grant aid available for
whatever aspects they were interested in undertaking.
Nor is there at the moment, as all Renewal Schemes have a finite and pre-defined lifespan.There would be no incentive to "sit" on derelict sites
How then do you ensure that specific sites are properly cleaned up, like the Dock area in Waterford, to achieve urban regeneration? The absence of incentives to develop specific sites would merely mean that eyesore and "gap" sites in towns and cities would remain undeveloped, while alternative sites (possibly prettier and less risky to develop, and certain to be developed anyway) would be preferred by developers.nor would the subsidies become attached to particular pieces of land.
The problem is that the subsidy (in the form of a tax break) is decoupled from the planning.
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