|
|
Article: Walnut Creek increases traffic impact fees
- Article from:
- Oakland Tribune
- Article date:
- October 22, 2008
- Author:
CopyrightCopyright 2008 Oakland Tribune. Provided by ProQuest LLC. (Hide copyright information)
|
The cost to build in Walnut Creek just went up.
The City Council voted Tuesday to increase traffic impact fees --
as much as 77 percent for some types of building. Along with the
increased fees, the council adopted a list of 28 improvements and
projects -- totalling more than $39 million -- that could be paid
for, in part, with the fees.
Traffic impact fees must be used to help relieve the added demand
on cities caused by new development.
To entice developers building office projects, the city will also
now give a discount for those types of projects. Previously, the
city had only discounted retail-project fees.