A property tax feud between the city of Toronto and the Toronto Port Authority that began in 2003 is close to being resolved.
If media reports are accurate, the city essentially gave up its demand for $50-million a year for all of the Port Authority properties, opting instead for a million dollars a year.
CBC News says that in October city councillors voted behind closed doors, a 30-13 vote, to propose such a deal and the Port Authority has accepted it.
Councillors Shelley Carroll and Joe Mihevc say this still needs the approval of city council, presumably in open session.
Mihevc says "we don't give breaks to large companies, we don't give breaks to small homeowners, we don't give breaks to seniors. Property taxes are property taxes".