The downtown incentive program offers 10-year municipal tax exemptions for eligible commercial and multi-family development in the downtown area.
Other benefits for development projects in downtown Prince George include:
- Low Development Cost Charges (DCCs).
- Waived parking requirements for new developments in most of the downtown area.
- A wide variety of compatible uses, including office, hotels, housing, retail, restaurant, personal services and recreation.
The Downtown Revitalization Tax Exemption program will be discontinued on September 30, 2024. All applicable projects must be approved by the City of Prince George Planning and Development Department and construction must be completed by the September 30, 2024 deadline.