Quote:
Originally Posted by Northwoods
Actually increased impact fees are paid for any new construction. Yes, it impacts The Developer, but it equally impacts any new construction in Sumter County.
You want a new restaurant south of 44? They will now pay more to build that restaurant.
I live south of 466A and we are starving for restaurants, "big box" businesses (I'd love a Target!!! ), etc.
Unfortunately, now, it will be more expensive for any new business to build in Sumter County.
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Some thoughts for you:
>Building costs are amortized over the life of your hypothetical restaurant and are a very small part of total costs. The higher impact fee will not dissuade anybody from building.
>In addition, the higher impact fee will be offset with lower property taxes, which are the objective of raising the impact fee. The prospective investor will realize this.
>We have been subsidizing the Developer's massive expansion of The Villages, which resulted in our property taxes being raised 25% while the Developer's sweetheart impact fee remained unchanged. We, the residents of Sumter County, got fed up with this, and we booted out three of the Developer's puppet Commissioners by a 2-to-1 margin in last year's election. Next year, we will boot out the remaining two.