Chandler Arden said:
I agree. Maybe we are saying the same thing. I've been saying that all homes in CS have a higher tax valuation and resale value because of impact fees. Good for sellers but because of tighter inventory homes can be out of reach for many buyers.
I'd like to see us drop all impact fees on single family homes smaller than 2,300 square feet, which is the bottom of the average square footage band in the U.S. - subject to the condition that the homes be deed restricted to ensure they aren't ripe to become rental housing. This as a test to see if it incentivizes a bump in entry level, attainable homes for families and perhaps retirees that are downsizing. If it works, and I think it will, we could make the policy permanent.
Furthermore, in older commercial districts, such as the Harvey Road Corridor, I'd like to see an across the board suspension of ALL development fees. This to spur redevelopment in older districts where it's needed. Many commercial property owners along Harvey and other older areas would avail themselves of the opportunity to rebuild or conduct substantial renovations in these areas if there were no fees and onerous processes to contend with.
If, after two years, the policy proves effective, we could consider dropping ALL development/redevelopment fees on commercial property that's been on the tax rolls for 40 years or more.
Such a policy would likely ensure healthy redevelopment of properties that today stay stubbornly stuck in the Brady Bunch era. One of College Station's challenges is that we are a "young old city." What I mean by that is, because we are relatively young as a city, there are many structures just a decade or two shy of needed redevelopment. In older cities, like Bryan, many of those structures have long since been redeveloped, having exceeded their useful life. Make sense?
The city of Bryan has proven that incentives work, and are working, in obtaining a particular type of housing and commercial development where warranted. The city of CS, however, has eschewed such incentives perhaps under the notion that we want to hold onto yesteryear, and that development and redevelopment will come, albeit slowly, no matter what fees we levy. In other words, you can risk capital here, but only if you pay sky high fees. (Sky high at least as compared to neighboring jurisdictions.)
I've built homes. I've built commercial property. I've renovated both repeatedly. If we want new and exciting things to happen in our community, you have to roll out the red carpet for business- which is to say, just get out of the way.
My $.02 and respectfully,
Yancy '95
PS- and please stop denigrating individuals on these forums. I like to engage you guys, but can't to the degree I'd like to when you do. I make this request respectfully.