A key part of the Mayor's proposal would be to address a potential 30% rent increase current market vendors could receive in 2022.
According to a statement from the mayor’s office, the legislation would cap rental rate increases, expand lease options and permit alcohol sales to support vendors and drive growth.
Under the current ordinance, the city would be required to raise rents on vendors by 30% this year, which the mayor says is unfair. Hold rent rates at their 2020 levels for 2022 and cap annual rent increases to no more than a 3% increase in future years. Permit short-term leases, which would allow the West Side Market to consider daily pop-up events, seasonal vendors, and food trucks;
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