Posted Jul 2, 2019, 10:39 PM
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NYC/NJ/Miami-Dade
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Join Date: Jul 2013
Location: Great State of NJ
Posts: 49,344
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^^^^^
Definitely with the bonus. If something could be devised, just for sake of concept, like let's say a 20% increase in FAR or 20% more density, you'd sure as hell see more developers pitch in.
Similar to 421a and how it helped a lot of developers.
If the city or really the local politicians want to suck developers dry, at least give them a cookie for expending some of their capital for the greater good. If it be zoning modifications or higher FAR or higher allotted units in "X" tower or for "Y" parcel.
Compromise is key IMO. Developers and city governments are kinda like boyfriends and girlfriends. The city is like the girlfriend who wants the boyfriend to pay for everything, yet gives nothing in return. Equality is always good, and is really what makes a place pro-business to begin with.
But when you have local municipalities offer benefits to developers for the greater good of society, good things happen. Balance, and fairness is key.
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