As reported here, Mayor Nichols has proposed a new fee on property developers to fund the creation of larger "green", and open, spaces in the city. Here are the pro's and con's of this proposal, as I see it.
The Pro's -
Pros are that possibly instead of the dinky little "green spaces" (that almost no one uses) developers are now required to provide on their property, this fund would go to larger "green spaces"; parks and open spaces are good.
The Con's -
Cons are that the fee could be from $1.00 to $2.00 per square foot of developed property, which may be cost prohibitive in some developers minds; if developers think this fee is too "onerous", they could leave the city, taking jobs and tax revenue with them. We need details to really determine if this is actually a good idea, or a "kill the goose that lays the golden egg" idea.
Stay tuned.
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