Yes on J

October 13th, 2015 No Comments »
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Legacy_web-graphic

As we mention elsewhere, many of the city’s iconic businesses are disappearing because of skyrocketing rents; Prop J would establish a Legacy Business Historic Preservation Fund which will provide grants to enable businesses recorded in a Legacy Registry to remain in their premises.  A business is eligible for the registry if it has either operated for 30 continuous years, or operated for 20 years while contributing significantly to the character of the neighborhood.  Businesses going on the registry must be approved by the Historic Preservation Commission, and there will be no more than 300 of them per fiscal year.  The program would grow between $2.1 and $3.7 million each year, to a total cost of between $51 and $94 million per annum in 25 years, if fully funded.

— Jeff Whittington

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