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Photo courtesy of www.pedbikeimages.org
/ Dan Burden |
Municipal review of proposed developments often can be a lengthy
and costly process for developers. Communities can encourage developers
to propose projects of the type that the community wants by giving
developers incentives, such as streamlining government processes
or waiving fees for projects that are in line with community goals.
By reducing the development fees, waiting periods, number of reviews,
or special permit requirements, municipalities can make it easier
and less costly for developers to create preferred projects over
other types of development. Municipalities can grant development
permits as of right, or with limited review, or can defer or waive
development fees for mixed-use projects or other desirable projects,
if the project is in compliance with the terms of existing land
development regulations.
Another incentive communities can provide is to pre-engineer
sites for development to make land targeted by the community "permit
ready." In this way, communities can try to attract investment
to specific areas targeted for redevelopment. This approach can
be cost-effective for developers, since they will spend money
primarily on construction costs and not on a time-intensive design
and review process.
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