01-07-2019, 11:29 AM
(01-07-2019, 11:19 AM)Spokes Wrote:(01-07-2019, 10:49 AM)Momo26 Wrote: When you say downtown development fee exemptions, does this mean some government break given to the developer that they would normally have to pay in a suburb? Is it common in other big cities, a la downtown Toronto etc?
Any time a development is started, there are fees the developer has to pay to the city. For a long time Kitchener waived those development fees in Downtown to encourage development projects but that is stopping soon.
Did I get it right?
Yup. The fees in theory should pay for the shared infrastructure that the development will rely on, i.e., we (the city) payed to build sewers to take away waste water and storm water, private developers should have to pay for the right to benefit from that.
In practice, I'm not sure how closely tied these fees are to the value or cost of the service they're paying for. Specifically, large developments in DTK *should* pay less than suburban sprawl developments because they make more efficient use of this infrastructure, but I have no idea if they do.