Mayor Wynn and company believe we need a Congress Avenue Retail Retention and Enhancement Fund:
They plan to create a fund to support and attract shops, restaurants and other businesses on Congress Avenue from Town Lake to the Capitol. The money would come from a portion of the development fees for new Congress Avenue projects.
"We want to make it where there is a fighting chance for more tenants to stay, and thrive, rather than move away," said Mayor Will Wynn, who is supporting the program along with City Council Members Betty Dunkerley and Mike Martinez.
At its Jan. 11 meeting, the City Council is expected to direct the city manager to develop the program. Many details must be worked out, including establishing criteria for businesses that would qualify for help and deciding what fees would go into the fund.
My first reaction to this was, "Huh?" Retail shops and restaurants are doing just fine on Congress. The article corroborates this: The manager of Keepers, a clothing store at Fifth and Congress, says it's posted double-digit gains since opening last year.