Quote:
Originally Posted by dewilson58
Oh People.
The entertainment never ends.
Take away all of the current impact fee discounts.
The Developer will not care.
The cost will be passed onto new home buyers.
(Won't start for a couple years since land has been plotted & dirt moved on a lot of land)
Once the new fees start, it will amount to about $4mil per year.
$4mil out of a $250,000,000 budget..........there is your potential property tax roll-back.
Don't spend it all in one place.
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To say that the Developer "will not care" demonstrates your lack of understanding of economics, business, and the Developer's maneuvering to try to maintain his sweetheart deal. Costs matter to any business, and higher impact fees will be a cost to the Developer. Why do you think the Developer's puppet Bret Hage (who has an obvious conflict of interest since he works for T&D, one of the Developer's largest suppliers) is co-sponsoring HB 337 if the Developer "will not care" if he finally has to pay for his infrastructure?
Furthermore, it doesn't matter to us, the current residents, if the Developer raises his house prices because he finally has to pay the infrastructure costs of his massive expansion of The Villages. Then the cost of the new infrastructure is passed on to the people who necessitate it.