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Fairview urban renewal staff propose tighter rules, landlord match and lower cap for business TI grants
Summary
Urban renewal staff on Wednesday recommended reworking Fairview’s tenant-improvement grant program to require landlord/tenant contribution, split the program into two focused tracks, and lower the routine maximum award so public funds are not the primary source for private building upgrades.
Fairview urban renewal staff presented proposed changes Wednesday to the city’s business tenant-improvement (TI) grant program, recommending clearer eligibility rules, a required applicant contribution and a lower standard maximum grant to make awards more targeted and avoid subsidizing routine building maintenance for property owners.
Staff and the Economic Development Advisory Committee (EDAC) recommended two separate program tracks: (1) a focused tenant-improvement grant for vacant commercial spaces that would help bring…
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