Mixed-Use Developments Still Often Operate Better In Theory Than In Reality - Page 3

C. · #41 Posted **Jun 10, 2018, 1:49 AM**

Any examples out there of charging higher property taxes or fees if space is left vacant?

The other key is it's gotta be separate, independent ownership of the retail spaces. That way the developer or condo board isn't controlling everything.

Rational Plan3 · #42 Posted **Jun 25, 2018, 8:07 PM**

Well in the UK, there is also the likelhood that after a few years of sitting empty the developer then puts in a planning application to convert the space to residential. It's funny how many of these units can easily converted as well!

muertecaza · #43 Posted **Jun 25, 2018, 9:34 PM**

Quote:

Originally Posted by CIA

Any examples out there of charging higher property taxes or fees if space is left vacant?

The other key is it's gotta be separate, independent ownership of the retail spaces. That way the developer or condo board isn't controlling everything.

Forumers from these locales can chime in with details, but I believe DC and Pittsburgh have or at least have experimented with partial implementations of such taxes.

http://www.pewtrusts.org/en/research...re-city-blight