S.1766

Authorizes conversion of certain office parks and retail centers to mixed-use developments.

Authorizes municipal planning boards to permit conversions of eligible office parks and retail centers into mixed-use developments. Defines "eligible property" as an office park or retail center with a vacancy rate of at least 25% for 18 months or an economic downturn over three years. Requires the mixed-use development to include at least two types of uses, one being residential, and to comply with zoning requirements. Permits the development to include variances, tax incentives, and financing.