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Soaring development fees

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May 07, 2008 – Comments (1)

I can't agree with this article more...  The unwinding of the unsustainable nature of this policy of shifting tax burden from pay our way to fooling ourselves that developers can pay it forever is going to hurt.  If I had more time I'd say more on this.  I might post more on it in the comments later today.

1 Comments – Post Your Own

#1) On May 07, 2008 at 2:41 PM, mandrake66 (82.37) wrote:

Well, there are two ways of looking at it, one of which you expressed and which is probably not your last word on the subject. The other way to look at it is that developers reap private profits while socializing the costs every time they throw up houses in some new god-forsaken place and expect municipalities to assume the responsibility for roads, schools, traffic lights, police/fire depts. This too is an unsustainable model of development, and if fees are appropriate and well-targeted they could be a positive thing compared to the 'let developers build whenever and wherever they want' urban sprawl strategy. The question then is whether the fees are appropriate and well-targeted. I have no idea whether they are or not, but I'm not opposed to them in principle as a way of recovering the hidden costs to the public.

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