The taxes paid in each applicable area are based on improvements only. (Land doesn't count) for these two buildings that were passed by a referendum of the GVSC partners.
Average house in Vernon $289,509. (Land $138,937, Improvements $150,572) would have paid $62.72 towards the $14,750,000 multiplex and $34.06 towards the $9,020,000 Theatre in 2007. This would make the Debt costs for the Multipex $42.21 and the Theatre would be $25.72. Operating subsidy would be $20.51 for Multiplex and $8.34 for Theatre.)
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http://www.mfa.bc.ca/marketrates.htm
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