Quote:
Originally Posted by SebC
I was out!
Anyways, my answer is that a development fee isn't necessary where taxes are sufficient to pay the lifecycle costs of services provided. A development fee is only needed where a development doesn't pay for itself through taxes. So the answer that high-density/inner city pays for itself (and more) through taxes is absolutely correct, whether or not you like it.
A fine example of this is the East Village. The infrastructure built there was funded by borrowing against the future increase in taxation that the infrastructure will induce. Skyview Ranch can't be funded that way because it doesn't have the right market-value-to-capital-cost ratio.
Having said all that, I'm pretty sure that for small-scale residential infills do pay something, but I don't know what it is. Maybe Bunk can tell you more precisely.
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So your position is that places like Aspen Woods are fine because the property taxes are high enough to support that sprawl, but a community like Skyview Ranch isn't sustainable because they pay less in tax?