Closure of Fred Meyer leads Everett to consider solutions for vacant retail properties
EVERETT – The closure of the Fred Meyer grocery store on Evergreen Way is prompting Everett City Council members to address the issue of how to encourage new uses of vacant retail spaces.
One preliminary proposal would penalize property owners who don’t rent to a new business after a store closes.
Council member Paula Rhyne, who chairs the Parks and Built Environment Committee, said the plan could apply to Fred Meyer’s landlord, as well as other large big box stores, including a Walmart on Evergreen Way that shut down in 2023.
Rhyne said taxing the landowners on the future potential of their land could “incentivize them to find new retail tenants.”
https://www.heraldnet.com/news/closure-of-fred-meyer-leads-everett-to-consider-solutions-for-vacant-retail-properties/
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