01-18-2017, 12:40 PM
This is a good example of gentrification issues.
"We want you to preserve more of what we feel is needs-to-be-preserved old building" = Increased cost for development
"We want you to lower the height of the building" = fewer units
Increased cost spread over fewer units yields much higher per-unit premium, stratifying the unit cost and cutting out more prospective buyers.
"We want you to preserve more of what we feel is needs-to-be-preserved old building" = Increased cost for development
"We want you to lower the height of the building" = fewer units
Increased cost spread over fewer units yields much higher per-unit premium, stratifying the unit cost and cutting out more prospective buyers.