FORT WORTH, TX—A proposal to increase impact fees on new development to help pay for arterial roads would hinder a recovery in the local housing sales real estate and business groups told the City Council on Tuesday. Critics also feared those fee increases could chase construction into nearby suburbs, according to a report in the Fort Worth Star-Telegram.
Those groups support raising the impact fees by less than the city staff has recommended.
"We've got a long, long, long way to go" in housing's recovery, said Lee Nicol, a Fort Worth developer and builder representing the Greater Fort Worth Builders Association, Associated General Contractors, Greater Fort Worth Real Estate Council and Greater Fort Worth Association of Realtors.
"It's just not the right time."
Click Star-Telegram to read the full story.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
