Hoteliers Lose Appeal On Cap Rates And Valuations

The issue of Cap Rates set by valuation firms such as the Saskatchewan Assessment Management Agency (SAMA) is a hot topic locally this past week as the effects of their use with 17 property classes tax assessments had one local business owner at Council asking for help, equity and reasonableness.

A June 2022 decision involving 13 Moose Jaw hotels demonstrates their importance and how it is not just a few small business owners not happy with how the Cap Rates are set for their commercial properties.

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Proposed Scotch Distillery Sees Spirit Of Life

A property notorious for its ability to grow weeds instead of manufacturing scotch appears to be seeing some activity towards creating the liquid spirits.

Royal Distillers applied for and were successful in a Development Appeals Board application for a zoning variance for a scotch milling shed addition to the building, located at 1121 Ominica Street East.

The site now, known for having large weeds growing on it over the last couple of years, now has the signs of renovations going on.

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Tornadoes Down Vikings Under The Lights

The Peacock Tornadoes defeated the Vanier Vikings 30 - 8 under the lights in South 5A 12-Man Football League 2022 Season action on Thursday evening.

But don’t let the score fool you - for the most part of the game it was a toughly contested game with a strong Tornadoes offense up against a tough Vikings defense.

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Report Calls For Major Changes To Assessment And Property Tax Policy

It may have looked like a local business owner Bernie Dombowsky was all alone when he related his concerns about how his assessment and subsequent property tax for his business did not make a lot of sense.

But a report inadvertently released by a committee in Saskatoon shows there are more than a few people and groups unhappy with the present property taxation system.

This is a lengthier and more in-depth report.

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WDM Admission Free This Saturday Compliments Bank Of Montreal

If you ever wanted to go out and see what the Western Development Museum (WDM) has to offer here in Moose Jaw as well as its other three locations - North Battleford, Yorkton and Saskatoon - you need to mark this Saturday September 16th on your calendar as it is a free admission day.

As part of a sponsorship deal with the Bank of Montreal admission to any of the four WDM’s is free as the bank is picking up the tab.

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