South Scottsdale has experienced wonderful growth in residential property over the last few years. Mark Taylor purchased the Los Arcos Mall land, demolished the old buildings and is now constructing their 500+ unit luxury complex. ASU's SkySong has completed buildings 1 and 2, and the residential apartments should be available for rent in 2014. On Scottsdale Rd south of McKellips, where the Burger King, One Stop Fitness and the Greek restaurant once were is now flattened so yet another apartment complex can be built. Frys On McDowell Rd has now completed their major renovation and reopened as a Frys Marketplace. Residents in South Scottsdale are overjoyed that their once tired, and people packed grocery store has larger aisles and more features.
Yet with all these great improvements in the area there are still numerous tired store fronts and a lack of retail stores. There are no sit down restaurants or boutiques to speak of. In the next 3 years the area can anticipate to having thousands of new residents living in these new apartment complexes.
At this point South Scottsdale is positioned to become apartment city. Something needs to be done to encourage retailers to rent/improve and set up shop along the McDowell corridor between Scottsdale Rd and Hayden Rd where the bulk of these new apartment complexes are being built. This will help to; preserve the value of single family homes in South Scottsdale, encourage aesthetic improvement of tired storefronts and create a better image for South Scottsdale.
To encourage retailers to open in South Scottsdale (SS) the City of Scottsdale (COS) should provide the following:
Retail business must be open for business by February 2015 and be located on McDowell Rd between Scottsdale Rd east to Hayden Rd.
Newly opened retail businesses shall receive a discounted tax rate of .07% compared to the COS 1.65% tax rate. The retail store shall charge the standard 7.95% combined tax to the customer but will benefit for the first 5 years of business and keep .95% as part of profit.
The business must stay current on all taxes at all times. Any default in any tax payments shall result in the application of the standard 1.65% tax rate retroactively to the date of open. The owner would be personally liable.
Any serious code violations will result in the application of the full 1.65% tax to the next tax bill date, and void any future tax discounts under this program.
The business must apply at the COS for the special discount tax rate and be added to the public list. A review board must approve of the storefront look and decor and may have certain requirements of the retailers in order for the retailer to obtain the tax incentive.
A maximum of 20 new storefronts with the incentive tax rate would be available.
This would be an incredible incentive for upscale retail businesses to open up in South Scottsdale. Additionally, all of the residents of South Scottsdale can enjoy more retail, and an improved or maintained home value and a better neighborhood. The goal is for old abandoned storefronts to be redone and any crime that can result in the abandoned property forgone.
This area has a wonderful location, 5 minutes to Old Town, 10 minutes to the airport, 10 minutes to Mill Ave and 20 minutes to downtown Phoenix. Thousands of Valley residents pass by this area as they use Scottsdale Rd to go North and South to work and school, and this could be a wonderful place to stop off.
There's a huge desire to live in SS because of the location, now the COS needs to appeal to the retailers who can provide great shopping and dining to the SS of the future.
The improvements resulting from a tax incentive for retailers would have major impact, including a renovated SS which could become a great portrait of excellence for Scottsdale instead of that area we currently sweep under the rug. SS is Scottsdale too, but it is often neglected.
Please vote for this idea so we can renew South Scottsdale and make it part of the luxury atmosphere Scottsdale is known for.