The Finch Formerly Known As Gold

25 August 2007

Yet another downtown incentive

Tuesday, City Council is expected to approve a new Downtown Parking Incentive Program, an effort to lure businesses to the Central Business District. Under the terms of the program, "qualifying entities" will be able to get reimbursement for the cost of parking in City garages.

To qualify, a firm must either move into the CBD or expand existing operations there, and must pay its employees an average annual salary at least 120 percent of the county average (currently $36,176).

This isn't a permanent incentive — there's a 12-month limit — but given the price of downtown parking, it might be worth it.

Posted at 10:30 AM to City Scene