San Jose hopes incentives solve high downtown vacancy
March 9, 2012
By: Mary Ann Azevedo
A new challenge in wooing leasees to San Jose came with the California Supreme Court’s December ruling that redevelopment agencies could be abolished.
Some of the larger downtown tenants like Adobe Systems Inc. received redevelopment money as an incentive to move into the city’s core. But that was when RDA dollars were available, Studley Inc. Senior Vice President George Fox points out.
With no RDA, city officials now have to find new ways to make the downtown attractive to companies. ...
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