Coldstone Creamery on Main Street

  Criteria for Obtaining Assistance through Redevelopment

The City of Alhambra Redevelopment Agency provides financial assistance in targeted redevelopment areas to commercial businesses and property owners who meet specified criteria. As required by the Agency’s adopted rules, current owners and tenants are given preference. The extent of the Agency’s assistance to a developer is based on the following criteria:

• Quality of the project and strength of the developer
• Project could not proceed without assistance
• Level of assistance has been verified as necessary and appropriate by performa analysis of the project with respect to tax increment and sales tax projections balanced with business projections
• Project is unique in the type of use and/or the level of quality and design
• Project has demonstrated social and/or financial benefits to the city beyond that of a similar non-assisted project
• Project is appropriate to the site and area of the city

Projects that meet these criteria are not automatically granted assistance; however, those that depend on the availability of Agency funds may be eligible for assistance. In addition, these criteria do not preclude discussions with Agency staff as to what enhancements, if any, might make projects eligible for assistance.

For more information, call the Alhambra Redevelopment Agency at (626) 570-5030.