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EDIC reviews draft commercial-redevelopment pilot to encourage infill and mixed-use
Summary
Committee discussed a draft pilot policy that would let certain commercially obsolete buildings apply for up to 10-year PILOT incentives to support redevelopment compatible with the city’s growth plan; no formal vote was taken.
The Economic Development and Investment Committee reviewed a draft commercial-redevelopment pilot policy aimed at encouraging redevelopment of underused or obsolete commercial properties into higher-value, higher-density or mixed-use buildings. The committee did not take final action and asked staff to bring the draft back for more detailed review.
Jim Gilmore introduced the draft policy, which would create a path for commercial property owners to apply for a pilot of up to 10 years when properties meet eligibility criteria such…
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