The Wickenburg Sun
Wickenburg’s Planning and Zoning Commission will consider an adjustment to the overall permitted height of downtown buildings during its meeting at 5:30 p.m. Thursday, March 21 at town hall. The commission will consider changing building height restrictions from 40 feet to a 50-foot maximum along with addition of another story to the permitted height.
Wickenburg’s Planning and Zoning Commission will consider an adjustment to the overall permitted height of downtown buildings during its meeting at 5:30 p.m. Thursday, March 21 at town hall. The commission will consider changing building height restrictions from 40 feet to a 50-foot maximum along with addition of another story to the permitted height.
The request comes from Town Council and stems from what many other municipalities are doing across the country to their zoning regulations in that they are setting themselves up for potential investors in their core areas or opportunity zones, according to Community Development and Neighborhood Services Director Steve Boyle’s meeting notes.
Recently, the U.S. Treasury Department fostered an Opportunity Zone Program which allows each state’s governor to nominate up to 25 percent of the qualifying low-income Census tract as Opportunity Zones. These zones are meant so that investors who reinvest their capital gains monies into improvements within these areas will receive significant reductions in their capital gains taxation. Due to these monies being opened up for investment, many communities across the state are looking at their zoning restrictions and amending them to meet any potential future demand, Boyle explained.
