An improving economic outlook could spell the end of Downtown’s incentive program designed to help retailers weather the recession.
The Center City Development Corp.’s policy committee recommended Wednesday that forgivable loans for existing retailers be discontinued June 30, senior vice president of planning and development Andy Kitsinger said.
“The rationale is that the program was intended to be a temporary, stopgap measure based on the economic downturn,” Kitsinger said. The economy has come back to some extent, and retailers have made the necessary adjustments in their business models.
The committee also recommended tighter rules on forgivable loans for new retailers. Center City forgivable loans don’t have to be repaid if recipients meet all program conditions.
The recommendations go to the development corporation board for action next Wednesday.
AIA programs for students, teachers
Local architects are hosting a series of programs on architecture and design for students and teachers this summer and fall.
The Memphis chapter of American Institute of Architects offers:
Junior Girl Scouts Architecture Badge Day Camp, 10 a.m. to 2 p.m. May 22 at the AIA office, 511 S. Main.
Discovering Architecture Summer Camp for high school students, June 1-12 at the University of Memphis Department of Architecture studios.
Paul R. Williams Summer Institute, which prepares K-12 teachers to teach architecture and design, June 14-17 at the UofM.
Animal Habitat Design Competition in September. Middle school students explore importance of zoo animals’ habitats.
For registration details, call AIA Memphis at 525-3818.
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