Posted Feb 16, 2018, 1:41 AM
|
 |
Ferris Wheel Hater
|
|
Join Date: Jun 2006
Posts: 8,371
|
|
Usually when the city rezones it's beneficial to property owners. Making an area rental only would have negative effects on values... My suggestion to them years ago was not exclusive zoning but bonus density to the point where the values offset. IE 2.5FSR at 4 floors market condos, or 3.5FSR 6 stories for rental all withing the same zoning, allow the property owner to decide which route to take. CACs and DCLS would still be payable so the rest of the city doesn't get the burden. Those numbers could be tweaked over time to obtain the desired outcome.
|