San Francisco's Board of Supervisors has lifted the formula retail restrictions on Van Ness Avenue to combat a troubling commercial vacancy rate of 53%. The proposal, introduced by Supervisors Stephen Sherrill and Danny Sauter, aims to encourage the reopening of stores by welcoming established chains that previously required special permits. Additionally, the recently closed Fillmore Safeway has been included due to a regulatory loophole, reflecting the city's desire to fill high-profile vacant properties and stimulate economic activity.
"The SF Board of Supervisors unanimously approved lifting the formula retail ban from Van Ness Avenue, which had been impacting the local business scene with a 53% vacancy rate."
"Planning Department surveys revealed that the 50% vacancy rate on Van Ness Avenue is a crisis, highlighting the need for revitalization through formula retail chains."
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