Posts tagged More on SB 786

More on SB 768

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.”

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