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EDA reviews annual reports and economic activity: vacancies fall, 14 new businesses, multifamily leasing mixed
Summary
City staff presented annual reports showing 14 new business openings, commercial vacancies down to 23 from 31, about 470 rental units tracked through the first two‑year licensing cycle, and multifamily activity (Bohemia Flats at roughly 50% leased of 54 units).
Ken presented the EDA’s annual business and housing reports, saying the city recorded 14 new business openings and 32 business closings or changes over the past year, while commercial vacancies decreased to 23 from 31 the year before.
Ken said the city is still thin on marketable single‑family lots — about 21 residential lots are technically available but only eight to 10 are realistically marketable — and that much of the…
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