Infrastructure Fee Shortfall Plagues Modesto's Village
28 August 2002 - 1:00pm
An infrastructure fee shortfall for an 1,840-acre project in a Central California Valley city could reach into the tens of millions of dollars.
Politicians everywhere promise to "make development pay for itself." InModesto, the City Council made that promise regarding an 1,800-acre housingand commercial development a decade ago. But when the market didn't respond,the city slashed impact fees to spur construction. Now, the city faces aninfrastructure funding shortfall that may amount to tens of millions ofdollars, and no easy answers for solving the deficit.
Source:
California Planning and Development Report, August 27, 2002
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