City May Subsidize Historic Local Businesses

SF bus times

In another “first of its kind in the country” regulation of land use, Supervisor Campos has proposed a ballot measure to allow the City’s “legacy business fund” to support local small businesses distinguished by the Historic Preservation Commission.

The City’s contribution is in the form of a “grant” for older businesses up for lease renewals (of up to $22,500 per year), so it probably does not run afoul of California’s underdeveloped state-wide prohibition of commercial rent control.

facebooktwitterredditlinkedinmail