Quote:
Originally Posted by GGG
For inner city development what % of infastructure costs do developers pay? Increasing density still has the associated capital costs with water treatment, roads,etc. it is less than adding a new house in the suburbs but still exists.
So in terms of costs what do inner city developers pay?
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You pay for all infrastructure upgrades, using city certified contractors, which often result in costs about 2 times what they should be. In my case we had to give up a corner of our lot to the city so they could drive their waste and recycling trucks. Basically, if the city needs anything from your lot to be changed/upgraded, you pay for it.
Then there are all the various fees for application (obviously not on par with the fees that developers pay for new communities).