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Calculating Developer Contributions: A Clinic
CM | 1.25
Date: Tuesday, April 16
Activity Code: S434
Room: Comiskey Room
Track: Fiscal Challenges and Innovative Solutions Track
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.