Bacon’s Rebellion has a good post today about the previously-referenced bill that would mandate impact fees on new development and eliminate proffers.
The bill would remove localities’ ability to negotiate (some say extort) proffers from developers; but … is this the consequence the bill authors were looking for?
“Be careful what you wish for,” warns Corey Stewart, chairman of the Prince William County board of supervisors. SB 786, which would eliminate proffers and impose uniform impact fees on new real estate development, “will shut down residential development all over the county. I will make sure it shuts down residential development in Prince William.” So reports Kipp Hanley with the Manassas Journal-Messenger.
In every negotiation, I try to find the win-win solution for the parties. I don’t see how this is an equitable solution. I’m open to being proven wrong, and welcome any insight into how this bill will benefit Virginians.
Update: 2/13/08 – I corrected the title from SB 786 to SB 768.