In a recent government meeting, discussions centered around a proposed ordinance aimed at improving property standards in downtown areas, particularly addressing issues of decay and neglect. Horace Fagart, a property manager, emphasized the need for occupied buildings to adhere to the same minimum standards as vacant ones, arguing that there should be no disparity in requirements based on occupancy status. He raised concerns that the ordinance might complicate financing for property owners, as banks could impose stricter requirements on foreclosed properties.
Fagart also questioned the city's ability to enforce property ownership responsibilities, particularly regarding insurance requirements. He suggested that the city should explore options for ensuring property owners maintain adequate insurance or consider self-insurance alternatives.
Janie Landry from the Downtown Development Authority supported the ordinance, highlighting the critical role of cleanliness and security in attracting investment to the area. She noted that homelessness and crime deter potential investors, reinforcing the need for the ordinance to be implemented effectively. Landry expressed the authority's willingness to assist property owners with revitalization efforts, including navigating tax credit applications.
The Downtown Development Authority has already passed a resolution in favor of the ordinance, acknowledging that while some adjustments may be necessary, the overall goal is to enhance property maintenance and encourage revitalization in downtown areas. With many buildings remaining vacant for over 15 years, the ordinance presents an opportunity for property owners to either improve their properties or consider selling them to foster downtown development.