Rio de Janeiro, RJ incentivizes residential development in business district with Reviver Centro
Rio de Janeiro, RJ Reviver Centro Incentivize Development
Municipal officials sought to revitalize the Central Business District (CBD) by turning it into a 15-minute neighborhood. Reviver Centro attracts new housing units in the CBD with tax exemptions during development. Participating developers are prioritized for 40 square meters of commercial space for every 100 square meters of housing built. Fees generated by Reviver Centro projects are allocated for bike trails, pocket parks, and a subsidized housing program.
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Progetto riuscito
City officials reported that 1,317 housing units were licensed in the program's first year. Rio de Janeiro was named a finalist in the Innovative Climate Solutions category at the C40 Cities Bloomberg Philanthropies Awards.
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