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City staff report outreach but no buyer for former Kmart Plaza; ordinance to target long-term commercial vacancies proposed
Summary
Committee received an update from OPED that TransformCo, owner of the former Kmart Plaza, has been contacted but remains unresponsive to buyers; city staff said they are exploring an ordinance to raise vacant commercial-property fees to discourage long-term vacancy.
Committee members on Monday heard an update from the Office of Planning and Economic Development on the former Kmart Plaza site.
Aaron Vega of OPED said staff have reached out to TransformCo and to potential buyers; TransformCo has not been responsive to some inquiries. OPED reported that there are no tax delinquencies on the property and no new owner…
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