Redland City Council has released a 12-month work program and two-year developer incentive package to kick-start the Cleveland CBD.
The program was unveiled on Thursday at the first meeting of the Cleveland CBD Revitalisation Committee, set up to oversee the plan.
Redland City Chamber of Commerce welcomed the package of incentives.
Chamber president Garry Hargrave said the proposed program of works was a "small step" in the right direction but needed greater private industry input.
"This is the tip of the iceberg and the real work still has to be done but it demonstrates council is open for business and its commitment to future development," he said.
Mayor Karen Williams said the incentives were proof the council was genuine about revitalising the CBD and urged developers to take up the offer sooner rather than later as concessions would be allocated on a "first-in, first-served" basis.
Cleveland businessman and CBD property owner Mark Buhmann welcomed the incentives but said more could be done to immediately entice business into the area.
Mr Buhmann, owner of Cleveland Office Supplies for 20 years, said the area needed government offices, medical providers, professional offices, cultural ventures and a cinema.
"With those facilities, there would be jobs and with jobs there would be capital flow into the local economy," he said.
"I'm glad the council has taken these measures but it still doesn't solve my problem of filling vacant office space in Bloomfield."
Under the incentive package, the council will grant developers concessions on infrastructure charges, development application fees, rates and utility charges.
The total two-year infrastructure incentives, expected to start in March, will be capped at $1.5 million.
Projects on the CBD periphery will also be eligible for up to 75per cent of the infrastructure concessions.
The council will also grant development application concessions on a "first-in, first-served" basis for projects in the core CBD area and for education, health and tourist facilities just outside the CBD.
Other incentives include processing development applications in 20 days, cutting the number of obligatory car parks for developments and establishing a development advocate to liaise with developers.
The full council will vote on the incentive package on Wednesday, February 27, and the incentives will be available until June 30, 2015.
