As part of its settlement, the city will require appliants to provide information that will show that any incentive or concession will reduce the cost of a housing development.What is the point of that? Obviously, if the city waives parking requirements, setbacks, height limits, etc., it's going to reduce the cost to the developer. This is supposed to be considered a win that the developer has to state in writing that the giveaways helped lower his costs?
Tuesday, June 28, 2016
This item has made a few local news stories, so obviously someone on the city council thinks it's a meaningful concession they got in surrendering to developers.