Wednesday, June 1, 2011

Massachusetts || Ordinance May Restrict Banks from Street Levels of Retail Areas

Aldermen and planners in the city of Newton have been reviewing the findings of a local task force, which called for special retail overlay districts to promote smart growth. "One problem we will address," said Newton Alderman Ted Hess-Mahan, "is banks on the first floor in high-traffic areas. Banks can afford to pay higher rents, which can drive out the kind of mom-and-pop businesses we want to foster. And banks close at five, meaning they're not really contributing to the neighborhood after hours."

http://www.boston.com/yourtown/news/newton/2011/05/newton_aldermen_planners_consi.html

Article courtesy of Smart Growth Online Newsletter June 2011