Wednesday, January 17, 2007
Fayetteville, Road Impact Fees to the Voters
I really thought the Fayetteville City Council would put a hold on the road impact fees until they heard more about the real estate transfer tax. Of course developers are going to scream bloody murder about it and will probably be campaigning against it. While I understand not wanting to add more to the cost of a house, I'd like to know the developer's ideas about paying for the costs these new developments generate. Who is going to pay for the streets, sewer, police and fire? Other than developer Charlie Sloan's transfer tax, I haven't heard of any other constructive idea from either developers or realtors. Fayetteville is trying to find revenue sources to keep up with the tremendous growth in the city. The city's inability to construct its infrastructure so as to keep up with growth does affect developers ability to build and sell their houses. Developers and realtors need to start working with cities like Fayetteville to resolve growth issues. This is not going to be an easy problem to resolve.