Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Abandoned Kmart clip argues tax rules and local policy keep retail sites empty
Summary
A field report included on Megatrends described an abandoned Kmart in Henrico, argued tax and depreciation rules incentivize vacancy, and the host proposed local reforms — stricter code enforcement, vacancy procedures, and impact fees — to encourage reuse or reclamation.
An on-site reporter introduced a field segment from an abandoned Kmart on 9 Mile Road in Henrico County, describing broken windows, a vast asphalt lot and prolonged vacancy. "This Kmart opened in 1974 and closed about 25 years later, and it's just been sitting here ever since," the reporter said.
The segment argued local revenue and tax structures can incentivize leaving…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
