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Developer and municipal official back incentives to repurpose vacant commercial buildings
Summary
A developer and the economic‑development director from Derby told the Commerce Committee that targeted incentives and low‑interest loans can help repurpose vacant commercial and office space into housing and mixed‑use projects, especially in economically distressed municipalities.
Gino La Brigueta, a principal with Sierra Village Development, advocated for House Bill 67 40 at the Commerce Committee hearing, urging the state to consider incentives and financing to encourage private developers to repurpose vacant commercial properties.
La Brigueta said developers often decline potential repurposing projects because zoning changes,…
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