Loving Growth Management in the Time of Recession
Publication Title
Urban Lawyer
Document Type
Article
Publication Date
1-1-2010
Abstract
The current deep and long lasting recession has challenged the value of local government growth management programs – especially those which rely heavily on developer funded infrastructure finance programs such as impact fees. An examination of the characteristics of the current recession reveal that its severity is due in large part to excessive exuberance in housing development in the years preceding the burst of the housing bubble. Many local governments intensified the consequences of over-building by adopting ambitious infrastructure programs funded by impact and other fees charged to developers upon the issuance of building permits or other development approval actions. With residential building permit issuance at near zero in many formerly double-digit growth areas, local governments can no longer pay for nor do they need much of the planned or already constructed infrastructure. The authors advocate greater restraint by local governments in accepting growth projections and issuing bonds to be repaid through impact fee collection. Most importantly, the authors suggest as a pre-condition of development approval requiring developers to submit market studies establishing probable market demand for the proposed development.
Recommended Citation
Julian C. Juergensmeyer & James C. Nicholas, Loving Growth Management in the Time of Recession, 42-43 Urb. Law. 417 (2010-2011).
Institutional Repository Citation
Julian C. Juergensmeyer & James C. Nicholas,
Loving Growth Management in the Time of Recession,
Faculty Publications By Year
921
(2010)
https://readingroom.law.gsu.edu/faculty_pub/921
Volume
42/43
Issue
1/4
First Page
417
Last Page
426
Comments
External Links
Westlaw
Lexis Advance
HeinOnline