New Strictly Business Banner

August 20, 2019
 
Greetings!
 
In May 2019, the City of Long Beach requested that the City Manager work with city departments and the Economic Development Commission to evaluate the feasibility of implementing a "Vacant Commercial Property Fee" program to address long-term vacant commercial properties. Some cities, such as Washington, D.C., New York, Boston, Oakland and San Francisco, have implemented or are considering adopting vacant property fees to address chronically vacant storefronts.
 
Despite Long Beach's strong retail economy and overall low commercial vacancy rates, there is concern for commercial corridors where certain retail properties have remained vacant for years, resulting in blighted conditions and depressed neighborhood economic activity. It is important to note that most vacancy fee policies allow exemptions for properties that are undergoing renovations or are going through the entitlement process with the City.
 
In order to better understand the direct impact of such a policy on the real estate development and business community, the Long Beach Area Chamber of Commerce and our partners through the Downtown Long Beach Alliance (DLBA), are conducting a survey to collect feedback concerning potential policy elements. If you are in the commercial property business, we encourage you to take this survey.
 
The survey will close on 11:59 p.m. on Monday, August 26th 2019 and the results of this survey will be presented to the City of Long Beach Economic Development Commission meeting on Tuesday August 27, 2019.
 
Please click  here  to access the survey and share your options.
 
You can find additional resource materials by clicking  here .

...and that's Strictly Business.

Randy Gordon
President and CEO
Long Beach Area Chamber of Commerce

Have a comment or something you would like to share with us?
Let us know via email or social media:

 
Like us on Facebook 
Follow us on Twitter 
View on Instagram