THE GOOD, BAD AND HOPEFUL ASPECTS
OF THE CENTURY-OLD TOOL THAT DETERMINES
EVERYTHING ABOUT THE PLACES WE LIVE, WORK AND PLAY
Salim Furth, senior research fellow at the Mercatus Center at George Mason University, favors fair and predictable community benefit agreements.
Rather than meting out contributions in each
neighborhood, which can result in “zoning for sale,” he suggests a set payment
charged to the developer and a menu of things a community can fund with it.
“New Rochelle, N.Y., introduced this approach, along with other innovations, to spark a downtown reinvestment surge that has funded tremendous city benefits,” Furth said.
“There is a fixed, predictable dollar value that developers must pay.
Neighbors can then help
determine where the money is spent: on parks, computer space, a community
center.”
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