Revenue & Taxes

Park Place will provide the City of Barrie with both immediate and sustained sources of revenue to fund worthy projects and help keep residential taxes low.

• Upon approval, Park Place will generate $16 million in development charge fees, which can be used to make infrastructure improvements in the south end. In addition, Park Place has made a financial commitment to assist with traffic improvements needed to accommodate the development.
• Once developed, Park Place will contribute approximately $10 million each year to the municipal tax base. This will increase Barrie’s non-residential revenue stream by 22 per cent.
• With such an increase in non-residential revenues homeowner taxes will be subsidised, keeping them lower than they might otherwise be.

The Park Place development will generate significant tax revenue for the City of Barrie – this revenue will benefit the entire community.