04-28-2022, 09:58 PM
(04-28-2022, 12:04 PM)Zoo Wrote: I didn't see it posted but I heard that the City is looking at hiking the costs for developers with park dedication to over $40k a unit. This may be speculation or inaccurate but what your thoughts if true? Adding more costs isn't going to help with affordability but I was thinking that the City should have areas where that is waive to encourage dense developments close by rather then all over the map.
Perhaps its recognizing that the purchase prices for the units have increased dramatically since the park dedication fee was first established. If it was tied to a proportion of the purchase price (eg 0.5% of the purchase price) would make it rise automatically as prices rise.