Wednesday, March 11, 2009
City pushing for new supermarkets
From the NY Observer:
Based on recommendations from a study completed last fall and a draft of new policies shared with grocery industry executives, it is clear that the Bloomberg administration intends to loosen zoning rules and offer tax incentives to boost the development of new supermarkets.
The draft of policies—which the Planning spokeswoman stressed were not yet complete and are subject to change—proposed both land use incentives and tax incentives for supermarkets in certain neighborhoods. On the land use side, the draft called for a density bonus that would allow developers who build supermarkets to build up to 20,000 square feet larger than they normally would be permitted on sites in targeted neighborhoods. The parking requirements would be lowered for those developers. And in certain districts targeted for light manufacturing, supermarkets would be allowed to be built as of right—without having to go through a lengthy approvals process.
On the tax incentives side, the draft calls for exemptions from property and other taxes for supermarkets in targeted areas, with landlords given savings if they renovate supermarkets or build new supermarkets.