I think it's more like: "Hey vacant property owner downtown, we'd like this vacant property to be developed into apartments, shops, cafés, business, etc. But, y

I think it's more like: "Hey vacant property owner downtown, we'd like this vacant property to be developed into apartments, shops, cafés, business, etc. But, you have no intention of improving this land or maybe you're waiting for a grant you'll never get. You're welcome to keep this land, but we're going to tax you at a rate that we as a municipality think this land should be worth" I don't about increasing taxes on home owners, but more so disincentivizing siting on vacant property that could otherwise be used better. You're welcome to sit on that property, but you're incentivized to get it rented instead of not developing it.