Retail expert Richard Talbot calls on municipalities to defer property tax payments to help struggling retailers. (Submitted)

Sidney retail expert calls for property tax deferment by municipalities

Richard Talbot says most residents would be prepared to pick up the slack

A retail expert believes that most Sidney residents would be prepared to pick up the slack for local retailers suffering because of COVID-19.

Richard Talbot, president and chief executive officer of Sidney-based Talbot Consultants International Inc., made that comment when asked what local residents could do to help retailers.

“From the residents’ point of view, if we had property tax relief for the commercial sector, we the residents, would have to pick up the slack, but I think most residents are prepared to do that,” he said. “I think that is one thing that could really help their bottom line.”

Talbot, who can look back on four decades of consulting retailers, made those comments as COVID-19 continued to shut down businesses, as owners closed their doors in the face of dropping demand. An informal survey of shops along Beacon Avenue found shops including Buddies Toys, 3rd Street Cafe, Bistro Suisse and Beacon Barber closed. Other businesses reduced in-person service, asked customers to contact them by email or phone, or changed delivery methods.

RELATED: Retail expert warns of serious consequences for Sidney because of COVID-19

RELATED: Closures, revenue, staffing among main impacts of COVID-19 on 90% of B.C. business: survey

Talbot’s comments come among growing concerns among business owners across British Columbia.

A survey of almost 8,000 businesses by the BC Chamber of Commerce found COVID-19 has already been impacting 90 per cent of businesses across British Columbia. Of those impacted, 83 per cent have already been seeing a “drop in revenue, business, or deal flow.” Among impacted businesses, 91 per cent predict that they will see a “decrease in revenue in the near-term.”

That survey also listed five recommendations from business to governments, starting with flexibility for various tax remittances. Second on the list of recommended measures is the measure described by Talbot, a delay in property tax payments. “Work with municipalities to allow business to defer property tax payments to free up revenue,” it reads.

Other recommended measures call for financial institutions to provide zero-interest loans, lines of credit and deferred payment terms, enhanced Employment Insurance access and wage replacement options and provide funding for businesses to work remotely.


Like us on Facebook and follow @wolfgang_depner

wolfgang.depner@peninsulanewsreview.com

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Comments are closed

Just Posted

Falling oak tree causes minor damage to Langford home

Tree damages garden and gutters of home on Lindsay Place

Residents to start moving into first of 100 new affordable homes in Langford

Construction underway on second phase of affordable Indigenous housing project in Langford

Saanich police looking to identify suspect in Brydon Park assault

Victim confronted suspect about the way he was treating his dog

The pandemic is widening Canada’s workplace gender gap

Gender pay gap is incentivizing fathers to work while mothers watch children, a new B.C. study has found

Greater Victoria Crime Stoppers wanted list for the week of July 7

Greater Victoria Crime Stoppers is seeking the public’s help in locating the… Continue reading

POLL: Would you get a vaccine for COVID-19 when it is available?

With the number of positive COVID-19 tests skyrocketing across much of the… Continue reading

Ex-Okanagan Mountie forfeits 20 days’ pay after sexual misconduct review

A former Vernon RCMP constable made sexual comments, grabbed genitals of male officer in two incidents 10 years ago

Man found dead on Okanagan trail identified as Hollywood actor

GoFundMe campaign launched for man found dead at summit of Spion Kop

3 people dead in Prince George motel fire

Fire personnel believe the blaze was suspicious although investigation in early stages

B.C. sets terms to review police, mental health, race relations

MLAs to recommend Police Act changes by May 2021

Feds announce $8.3M to deal with ‘ghost’ fishing gear in B.C. waters

Ghost gear accounts for up to 70 per cent of all macro-plastics in the ocean by weight

Most Read