Quote:
Originally Posted by OrangeBlossomBaby
And the new buyers of new properties reimburse the developer. The developer never ACTUALLY has to pay a dime.
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The developer also in the end pays not a dime for the land, construction materials, plumbing, electricity, etc., that go into building new homes and commercial buildings. These developments do have an impact on services and infrastructure like roads in a community and that is why many counties have impact fees. Why should existing residents pay for all the improvements needed because of these new buildings? These one time impact fees are helpful in providing a community with some of the money they need to build new schools, roads, fire stations, purchase new fire trucks, hire more policemen and firemen, etc..