Town of Addison TX's innovative Amenity Grant Initiative to Boost Property Tax Revenue

Wayne Emerson, EDFP Director of Economic Development is the creative genius behind idea to start Amenity Grant for Addison, Texas.We had the pleasure to speak and learn from Wayne and Marc Grossfeld, CFA Managing Partner at Sunwest Real Estate Group about their collaboration to improve commercial real estate buildings and sustain/bring more businesses to the town to increase/retain their property tax revenue.And guess what ... its working wondersIn this #podcast, they talk about:What is unique about AddisonPopulation vs. businesses; Commercial Real EstateTaxable income being major revenue source for the cityAmenity Grant programWhat is itAmount allocated How do you distribute it and select recipients Partnership with Sunwest Real Estate GroupKPIs: Measuring program success?Do's and Don'ts for leasing a commercial space - Mistakes to avoidand bunch of ear nuggets along the way.