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Calculating Developer Contributions (CM | 1.5)
October 4, 2013 @ 1:00 pm - 2:30 pm
Public actions—such as investments in infrastructure and the provision of public services—can dramatically increase the dollar value of private land. While local governments seek to capture a portion of that value to address various needs, planners often don’t know how to determine if a given request is reasonable. This session shows how to calculate the increase in value of private land due to public actions and develop a reasonable figure for developer contributions. This knowledge is particularly helpful to those working in urban design and preservation where much of what is achieved is through negotiating developer contributions. This session was first presented at the APA National Conference in Chicago in 2013.