Maple Ridge Town Centre Investment Incentives

Laura Benson, Manager of Sustainability and Corporate Planning, spoke to her report [PDF, 2.47MB] that asked Council to endorse the recommended program of incentives designed to accelerate private sector investment in the downtown. The program, as recommended, comprises 10 different incentives including priority processing of applications, tax exemptions, fee reductions, and reduced parking standards. New residential construction, new commercial construction, certain commercial renovations, site preparation, and facade improvements are the targets of these incentives.  Staff will present an implementation schedule for each of the incentives at the November 15 Council Workshop meeting.