One of the best things about Provo is the willingness of city officials to experiment with different improvement strategies. Case in point: a new plan would involve the city repairing empty downtown shops that deadbeat owners won’t fix:
Take a building that cannot be occupied until it is repaired. Add a landlord or building owner who has no intention of investing in a fix and offer to foot the bill for renovation. Clean the building up so it can been occupied by a renter, with the agreement that the renter pays half the rent to the owner and half to the city to repay the renovation.
That quote comes from an article by my colleague Genelle Pugmire, who also mentions that the building just west of Taylor Maid is on the list to be improved. Apparently, it will also take about 30 months for the city to recoup the investment, though I suspect that’s not taking into account the possibility of increased sales tax if a retailer comes into the space.
The article also states that officials have discussed the possibility of bringing in a “clothing store for younger shoppers.”
It remains to be seen if the strategy will work, but it sounds both plausible and proactive.