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| Neighborhood Marketplace Initiative |
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| Community Benefit Districts |
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| Historic Preservation Grants |
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| Central Market Partnership |
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Central Market Partnership
In January 2010, OEWD launched the Central Market Partnership, a public/private initiative to renew and coordinate efforts to revitalize the Central Market neighborhood, the stretch of Market Street between 5th Street and Van Ness Avenue. The City's goal is to restore Central Market as San Francisco's downtown arts district while inviting in new retail, restaurants, services and employers to take advantage of the transit and downtown location and serve the adjacent Tenderloin and SOMA neighborhoods. OEWD is leading this multi-agency effort to reinvest in this neighborhood that has long suffered from blight and disinvestment. Partners include the SF Redevelopment Agency, Department of Public Works, Arts Commission, Police Department, nonprofit organizations, private sector partners, and others.
In November 2011 Mayor Ed Lee, OEWD and community partners rolled out the Central Market Economic Strategy, an economic development strategy to stabilize and revitalize Central Market and the adjacent neighborhoods. The document, the result of a 10-month public process that began in January 2011, identifies the programs and policies that can revitalize the Central Market district while supporting the neighborhood’s current residents and communities. The strategy will help to guide economic development investments and efforts by the City as well as its nonprofit- and private-sector partners.
For updated information about the community, available real estate, a calendar of events and other news please visit www.centralmarketpartnership.org. Tools and Activities - The Central Market/Tenderloin Payroll Tax Exclusion (CMTPTE) exempts businesses located within the defined exclusion area from additional payroll tax as they add jobs during any six years in an eight-year period. You can download the payroll expense tax exclusion application packet, payroll tax exclusion info sheet, the full text of the legislation, or a list of buildings that fall within the tax exclusion area.
- The Central Market Cultural District Loan Fund is an $11 million loan fund dedicated to support catalytic projects for the neighborhood.
- Business Attraction. OEWD is working with property owners to encourage upgrading, leasing or sale of buildings, and is conducting outreach into the arts and retail communities to cultivate interest in Market Street locations. If you are interested in relocating or launching a business in Central Market, contact Ellyn Parker at 415-554-5185 or ellyn.parker@sfgov.org for assistance.
- Attracting Arts and Cultural Organizations. Central Market is home to a wide variety of arts and cultural organizations, and OEWD provides a range of assistance to nonprofit arts organizations interested in relocating to the district. Pro bono services can include:
- Assistance identifying space and potential partners to share space
- Review of business plans
- Assistance with financial feasibility, preliminary design services, and cost estimation
- Assistance with predevelopment funding and identification of financing sources for tenant improvements
For more information contact Amy Cohen at 415-554-6649 or amy.b.cohen@sfgov.org.
- New Development Projects. A number of commercial, residential, and mixed-use projects have received approvals or advanced in their construction timelines. These include sizable projects that will bring much-needed residents and shoppers to Central Market. For more information, see our Central Market Development 1-pager.
- Better Market Street Initiative. The Department of Public Works has initiated a planning process to produce concrete plans for Market Street that focus on public space improvements, pedestrian enhancements, reliable transit service and world-class bicycle accessibility. The goal is to implement many of these improvements along with the repaving of Market Street in 2015. For more information visit the project page on DPW's website.
- Mid-Market Redevelopment Project.The Mid-Market Redevelopment Plan proposes the creation of a new Mid-Market Redevelopment Project located along Market Street and Mission Street between 5th Street and 10th Street. For more information visit the project page on the SF Redevelopment Agency website.
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