Car park tax abolition good for South Australian economy

Car park tax abolition good for South Australian economyThe abolition of the CBD car park tax in Adelaide is a win for the property and construction industry, CBD business owners, workers and the community – now the focus must turn to job creation.The Property Council and the State Coalition to Repeal the Parking Tax have vigorously campaigned against the introduction of the tax for almost two years because of the damage it would have inflicted on the vibrancy of Adelaide’s CBD and SA’s economic growth.Daniel Gannon, executive director of the Property Council’s SA division, said the scrapping of the parking tax would assist job creation and economic growth.”At a time when property investors and business owners are doing it tough, South Australians need encouragement to help grow the economy,” he said.”The Property Council and State Coalition to Repeal the Parking Tax consistently demonstrated that the proposed car park tax would put downward pressure on CBD property values and make business in the CBD less competitive against its suburban counterparts.”[Last week’s announcement] is great news for the property and construction industry,” he said, “but attention must now immediately turn to job creation and economic growth.”