Friday, November 7, 2008

City and Developer team up for Public infrastructure

DMB, the developers of the GM proving grounds are going to team up with the City of Mesa to help pay for the streets, parks, and other public facilities that would be needed to support the project. People often forget that in exchange for bringing residents, taxpayers, and jobs to a community the city is responsible for providing essential things such as fire stations, police stations, and parks.

Developers are typically asked to pay "impact fees" to help offset the cost of the added services that are required. In this case, it appears that the developer is going to be chipping in quite a bit to help pay for some of the neat features that they are planning including the "great park" and all of the streets and utilities within their project. This has come a long way in growth paying for itself, which is something that went on unchecked for so long.

No comments: