To the Editor,
Re: City joins appeal of B.C. Ferries land assessment, Nov. 22.
How illogical can the Property Assessment Appeal board get?
If the land in question has only a value of $20, then it follows that anyone should be able to purchase the property for $20.
I’m sure there are many developers who would be delighted to do so.
Property that must be set aside for parking should have a much lower value than that used for commercial ventures using that logic.
Taking that decision further, the land owned by B.C. Hydro that is not generating power should also be worthless.
It sounds like a bean counter got loose and used theoretical hypotheses instead of real-life situations.