It didn’t work when Reagan proposed it, and it won’t work now. IRAB (INFRASTRUCTURE REVIEW ADVISORY BOARD) is proposing waving platting fees for new housing developments;
INFRASTRUCTURE REVIEW ADVISORY BOARD (IRAB) MEETING IS SCHEDULED FOR JUNE 1, 2022, AT 8:00 A.M. LOCATED AT THE DOWNTOWN LIBRARY, 200 N DAKOTA AVE, SIOUX FALLS, SD
AGENDA:
1. Approve June 1, 2022 Agenda
2. Approve May 4, 2022 Meeting Minutes
3. Light and Power Update – Developer Procured Street Light Materials
4. Proposed Revisions to 96.220 – Arterial Street Platting Fee
5. Proposed Revisions to 51.065 – Water Distribution Platting Fee
6. Proposed Revisions to 51.118 – Recovery of Cost of Storm Water Drainage System
It seems developers want tax breaks for building new homes, and they will supposedly pass those savings on to homeowners. That will NEVER happen. The demand for housing is at such a high level right now developers have ZERO reason to pass on those savings, they will likely pocket the savings.
DOCS: Agenda, Distribution, Drainage, Streets, Minutes of last meeting.
UPDATE: This story lays out why housing is so expensive. WAGES!