BARTON / KENILWORTH TAX INCREMENT GRANT (BKTIG) PROGRAM
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BKTIGP-Application (PDF) -
The Barton/Kenilworth Tax Increment Grant Program 2022 (PDF)
| Overview: This Program is intended to provide a Grant to incentivize property owners in the project area to develop, redevelop or otherwise improve properties and/or buildings (including designated heritage buildings) in a manner that will support the broader revitalization of these districts as well as generate new municipal property tax revenue through increased property assessments. Amount: Grants are provided relative to the actual increase in municipal property taxes that are generated as a result of an improvement/development undertaken on a property. Grants are provided over a maximum term of nine annual payments and subject to City Council approval. Where: This Program applies within the following Community Improvement Project Areas: Barton Village Commercial District; the Barton Street East and Kenilworth Avenue North Strategic Commercial Corridors; and Properties within the Downtown Hamilton Commercial District which front on Barton Street East between James Street North and Victoria Avenue North. Goals: development, redevelopment, property improvement, heritage |