(a) In order to preserve the existing stock of buildings suitable for industrial activities and to create new viable space for Industrial Uses, as defined in Section 102, in PDR Districts, an industrial building that is not unsound and is proposed for demolition must be replaced by a new building that complies with the criteria set forth below:
(1) If the building proposed for demolition represents greater than 0.4 FAR, then the replacement building shall include at least one square foot of Industrial Use for each square foot of Industrial Use in the building proposed for demolition.
(2) If the building proposed for demolition represents 0.4 FAR or less, then the replacement building shall include at least two square feet of Industrial Use for each square foot of Industrial Use in the building proposed for demolition.
(b) Definitions. For the purpose of this Subsection, the following definitions shall apply:
(1) Unsound shall refer to buildings in which rehabilitation would cost 50 percent or more to construct a comparable building.
(2) An industrial building shall mean any building containing any Industrial Use.
AMENDMENT HISTORY