From
KOB-TV.com - By: Jeff Maher, KOB Eyewitness News 4; Taryn Bianchin, KOB.com -Vacant business spaces are everywhere across Albuquerque; some store fronts have been that way for years. One reason why new businesses aren’t moving in is because the tenants would be forced to pay impact fees—a tax charged by the city —but soon, that could be changing. At So Good Nutrition, downtown on 6th and Central Avenue, the Amador brothers are blending together creativity, aspiration and a dash of risk, in hopes of creating just the right mix to succeed in a post-recession era. “This was our dream,” says business co-owner Aaron Amador. “To be in control of our own business, our own future,
financial situation.” City Councilors Dan Lewis and Ken Sanchez have introduced a proposal to eliminate impact fees for businesses that want to set up shop in existing vacant buildings. Lewis says he has seen examples of new businesses paying impact fees even though the fees were already paid for by the previous owner. “A fitness club that moved into the West Side—a business that had been sitting vacant for five years under the existing structure—paid $70 thousand in impact fees on a building that already paid its permits,” notes Lewis.
Read more
Proposal aims to ease taxes for new ABQ businesses
From KOB-TV.com - By: Jeff Maher, KOB Eyewitness News 4; Taryn Bianchin, KOB.com -Vacant business spaces are everywhere across Albuquerque; some store fronts have been that way for years. One reason why new businesses aren’t moving in is because the tenants would be forced to pay impact fees—a tax charged by the city —but soon, that could be changing. At So Good Nutrition, downtown on 6th and Central Avenue, the Amador brothers are blending together creativity, aspiration and a dash of risk, in hopes of creating just the right mix to succeed in a post-recession era. “This was our dream,” says business co-owner Aaron Amador. “To be in control of our own business, our own future, financial situation.” City Councilors Dan Lewis and Ken Sanchez have introduced a proposal to eliminate impact fees for businesses that want to set up shop in existing vacant buildings. Lewis says he has seen examples of new businesses paying impact fees even though the fees were already paid for by the previous owner. “A fitness club that moved into the West Side—a business that had been sitting vacant for five years under the existing structure—paid $70 thousand in impact fees on a building that already paid its permits,” notes Lewis. Read more
Posts
0 comments:
Post a Comment