UNIVERSITY CITY, MO (KTVI)– University City just announced a new pilot program that would match what owners spend to make the façade of their businesses look better.
The Olive Boulevard commercial facade improvement program is part of an initiative to help make the international area along Olive Boulevard between Woodson and Midland look better. The city will match 50 percent of what businesses put in. Businesses can get up to $15,000 Lu Lu’s Seafood Restaurant owner Jerry Li says it`s a great idea.
University City Economic Development Manager Jodie Lloyd thinks making improvements be a great benefit for the community.
“The city has an economic retail sales tax. In 2006 University City residents voted to have a 1.5 percent sales tax. Whether it`s a new awning, windows or to paint their buildings they get the cost estimate and we will work with them,” said Lloyd.
“Most of the buildings on Olive are older buildings. Maybe it would be good to put more signs up and more parking spaces,” said Li.
Right now $200,000 in funding is available, if the program is successful, more money could be released. The assistance is offered at a first come first served basis.