One of the most constant points of discussion in our (and other) region is infrastructure. We need it, but no one is willing or able to pay for it.
“I think we’re finally coming to a place where growth is sustaining growth,” Fitch said, explaining that housing developers seem increasingly willing to pitch in to compensate for the stress on infrastructure caused by new residents. Centex’s contribution would amount to nearly $74,000 per unit, more than double what Fauquier County usually receives from a developer.
But development specialists say the unusually large promise of cash highlights a disturbing trend in Virginia’s booming housing market. Developers eager to plant new homes in exurban locales are building roads, establishing parks and offering money — all in an effort to appease increasingly resistant communities. The result, the specialists say, is more expensive homes.
Regarding the Annadale development in Orange:
Recently, Silver dropped the density to 290 units and raised the proffers to $25,000 per home to make the project more favorable to the supervisors. It worked.
Albemarle’s proffers have traditionally been far less.
The Greene County Board of Supervisors last week determined that the base amount for all future proffers (policy to be reviewed every year) that, going forward,Â will be $5,562 per home.
And in the end, it will be the homeowners who pay the price, said McIlwain, who added that it is these kinds of agreements that drive home prices skyward and suburban sprawl farther and farther into rural Virginia.
Bottom line: somebody has to pay for the infrastructure improvements. The argument continues to be, “so long as it’s not me.” That has to stop.
More more on how this ties into the over-reaching transportation policy, I direct you to this post and discussion at Bacon’s Rebellion.
Might the fact that we are plodding our way towards gridlock be a reason that we are no longer in the Top 100?