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Speciality Retail Districts Incentive (Downtown)

MAP_SpecialityDists.jpg (6715 bytes) Duration of Program
 
Continuing, on a funds-available basis.

 

Qualifications & Restrictions:

Available to businesses in designated Downtown Specialty Retail Districts

    1. 5th Avenue

    2. Marshall Way/Craftsman Court

    3. West Main

    4. Old Town


Projects must be initiated no later than December 12, 2006.

If an owner decides to invest in their property by adding square footage, (a minimum of 20% of the existing building gross floor area), the following specific incentive program is offered at the project level if:

  • Building heights are limited to a maximum of 36 feet.
  • Building designs are consistent with the Downtown Architectural and Urban Design Guidelines.
  • Construction initiates within a three-year period.
  • When appropriate, and considering the scale of the proposed development, a parking agreement that makes the office-parking component available to the public after office hours.
  • Specialty District Incentives Overview (pdf / 32 kb / 3 pgs)

Fee Reductions Allowed:

If an individual project within the Specialty Retail District qualifies, it may enter into an agreement with the City and receive the following:

  • Reimbursement of construction sales taxes on new development projects that can demonstrate a public benefit. This rebate would consist of 1% of the City’s General Fund portion of the construction sales tax.
  • Waiver of building and permitting fees for Design Review, Building and Engineering Plan Review and Final Building Permits with a maximum total waiver of 2% of the total construction cost per project.

Fee waiver and tax rebate are based on application and approval by Deputy City Manager.


Contact:

Downtown Team / Economic Vitality

Harold Stewart - (480) 312-2311or HStewart@ScottsdaleAZ.gov