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Committee advances concept for commercial vacancy fee aimed at revitalizing downtowns amid objections
Summary
Lawmakers raised a concept to let municipalities impose a commercial vacancy fee intended to encourage reuse of vacant retail space in downtown corridors. Opponents argued it risks penalizing private property owners who are trying to lease or redevelop buildings.
The Planning and Development Committee advanced Concept 4, a proposal authorizing municipalities to impose a commercial vacancy fee intended to incentivize re‑occupancy of long‑vacant commercial properties in downtown corridors.
Senator Gordon expressed reservations about taxing private property when owners are not violating health, safety or building codes, saying the question touches on…
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