Attract and retain retail uses within TODs and transit areas.
- Structure rents to favor ground-floor retail and offer local jurisdiction incentives such as returning sales tax revenue, waiving fees, streamlining the approval process, paying for tenant improvements, and/or providing land or other capital resources.
- Provide assistance such as grants for façade improvements and major rehabilitation loans, and tax breaks or low-interest loans specifically targeted to attract certain types of retail in certain areas.
- Encourage Business Improvement Districts (BIDs) to support a wide variety of programs and physical improvements in TOD commercial areas such as pedestrian and bicycle amenities, streetscape improvements, landscaping and lighting, banners, and community events.
Body
