What Do You Think About a 'Moratorium' on New Banks in Newton?
The Board of Aldermen's Zoning and Planning Committee will continue discussion on the item tomorrow night. Tell us what you think in the comments section below.
When we run our weekly Visions for Vacancies" column on Newton Patch, we ask our readers to weigh in on what they think should go in to empty storefronts and buildings in the Garden City. And almost every week, someone will comment: "Not a bank!" Well, those readers may just get their wish. Recently, the city's Economic Development Commission (EDC) proposed a one-year "moratorium" on banks moving into the ground level of a building, unless a special permit is granted by the Board of Aldermen. The temporary measure aims to allow for more retail variety in business districts and therefore, bring more vitality to Newton's village centers. According to a memo from the city's Department of Planning and Development, the one-year moratorium …
In this Article:
Ross
2:22 pm on Friday, August 17, 2012
The problem is the owners and lessors who see banks as an easy source of high rents and the perceived "safety" of a long-term lease with no messiness. One site with numerous banks ATMs would solve most customers' needs without ruining the remaining character of our villages. more ›