Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Redevelopment manager details incentive changes, unveils new tenant-improvement rebate
Summary
Redevelopment Manager Tracy Reich summarized city updates to business and visual improvement incentives, clarified multifamily eligibility, and introduced a new tenant-improvement rebate with dollar limits and job-creation thresholds to spur interior commercial occupancy.
Tracy Reich, redevelopment manager, told the Redevelopment Citizens Advisory Committee that the city has updated multiple redevelopment incentive programs and created a new tenant-improvement rebate aimed at reducing commercial vacancy and encouraging substantial building upgrades.
The changes, Reich said, were approved by the Redevelopment Agency and city council and include: allowing certain buildings without retail storefronts to qualify for the Business Security Program; explicitly adding tattoo parlors as eligible; increasing the Visual Improvement Program maximum matching award to $50,000 (generally with a 2-to-1 developer-to-city match) and creating a targeted historic West Side area where…
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
