Fort Worth City Council voted on Tuesday to nearly double the rate residential developers pay for transportation impact fees, which critics argue could worsen the city’s affordability issues and dampen future housing development.
The ultimate goal of the transportation impact fee program is to build-out as much of the Transportation Improvement Plan as possible in the next five years. In the last five years, the city has completed 15% of the TIP. How much developers can expect to pay in transportation impact fees is broken down by service area. Each service area has a different maximum, or “schedule 1.” Broadly speaking, the schedule 1 for each service area has gone up.
이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오: