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Council debates $200,000 downtown tenant-improvement fund funded by economic development sales tax
Summary
City staff proposed a $200,000 matching program to help fill ground-floor retail in the downtown district, to be funded from economic development sales tax. Several council members questioned equity for outlying neighborhoods and asked for more detail and binding terms.
City economic-development staff described a proposed downtown tenant‑improvement matching program intended to help build out vacant ground-floor commercial spaces and encourage retail that generates sales tax.
Staff presented the program concept as an evolution of the downtown facade grant: rather than pay for storefront facades, the fund would provide matching funds for tenant improvements to reduce the upfront cost for businesses and property owners. Staff said they hoped to fund three or four projects in the program’s first year, with matching dollars from tenants, owners and downtown…
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