Joe Rustom, chef and owner of Parkallen Restaurant, said the current business climate in Edmonton is making it difficult for small companies. A second generation owner, Joe’s parents started the business in 1982. Over the past decade in particular, taxes have risen considerably, with Joe now estimating his property taxes and utilities cost between $3,500 – $3,700 / month.
The restaurant had 24 employees at their peak, and are now down to 7. This is the grim reality for many businesses that have gone through the worst provincial recession in decades, only to be faced with minimum wage increases, carbon taxes and continuous increases in property taxes. Parkallen is still proudly open for business, whereas others have been forced to close their doors under all these different pressures.
To help bring awareness to these concerns, Joe was recently interviewed for Prosperity Edmonton, an advocacy group that is asking City Council to freeze increases in property taxes this year. With the City of Edmonton embarking on a new four year budget cycle, it’s a critical time to share stories like Joe’s.
This is an important conversation, so we encourage everyone to talk about it and engage with your City Councillor.
On a side note, we highly recommend checking out Parkallen Restaurant. It’s located in south Edmonton at 7018-109 Street or you can call ahead at 1-855-822-6854 to book a reservation.
Chad is a partner with NAI Commercial and has finished as a top 15 producer Canada-wide for the past three years. Chad owes his success largely to his commitment to uncompromising client representation, his active involvement in the real estate and business communities and a lifelong pursuit of continuous learning.
Ryan is a partner with NAI Commercial Real Estate in Edmonton. He is currently ranked nationally as one of NAI’s top advisors in Canada. Having completed his Bachelor of Commerce majoring in Finance, his eye for detail and great understanding of the numbers associated with any business decision makes him an asset to his clients while providing them the highest level of service.
Darcie began her career in Commercial Real Estate after completing her studies in Business Administration. Her personable nature coupled with a results-driven attitude is a perfect match for customers. Darcie understands the importance of delivering a custom, accountable solution for her clients.
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