One South Market

Council to Discuss Developer Incentives at First Meeting of New Fiscal Year

San Jose Councilman Sam Liccardo speaks at the groundbreaking for 1 South Market, along with Mayor Chuck Reed, left, and San Jose Silicon Valley Chamber of Commerce VP Jim Reed (no relation).

Since slashing construction fees for high-rise development in downtown, two towers have broken ground, including the $135 million 23-story project at One South Market. Hoping to spur more nearby development, the City Council on Tuesday will consider whether to vote in a similar half-off discount for buildings of any size as long as they create jobs. Other items on the agenda for the first council meeting of the 2013-114 fiscal year include another look at building restriction height around the airport, a potential study of the city’s sewer system and an update on the city’s graffiti abatement contract.

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