Revitalizing Downtowns & Main Streets Act
Encouraging the conversion of vacant office space into vibrant residential space.
Activating vacant unproductive office space in Downtowns and Main Streets across Missouri is critical to revitalizing communities and can help solve many of the challenges these areas are experiencing, including crime, small business development, and the lack of affordable housing.
The General Assembly has an opportunity to ignite are vitalization of Missouri Downtowns & Main Streets by creating a program that encourages the conversion of vacant office space into vibrant residential space.
Opportunity
Missouri Downtowns and Main Streets are experiencing persistent vacancies in formerly active office buildings. These underutilized properties are limiting economic activity, reducing foot traffic for small businesses, and creating challenges for long-term district vitality across communities statewide.
Solution
Missouri has an opportunity to get ahead of a national trend by incentivizing the conversion of vacant, underutilized office space into residential use in Downtowns and Main Streets. Strategic reuse can strengthen district activity, support small businesses, expand available and affordable housing options, and enhance public safety.
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