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Fayetteville staff outline park impact-fee study; proposed fees could be significantly larger than current rates
Summary
City staff and consultants presented a draft park impact-fee study that would replace the city’s older fee-in-lieu formula; staff said the new methodology follows state statute, could generate substantially more funds for parks and facility construction, and could give the city greater leverage to negotiate land acquisition for larger parks.
City staff told the Parks, Natural Resources, and Cultural Affairs Advisory Board on June 2 that Fayetteville is preparing a park impact-fee update that would replace an older parkland fee-in-lieu system dating to the 1980s. The study follows state statute governing impact fees in Arkansas and is intended to produce defensible, updated fees tied to both land acquisition and the construction cost of park facilities.
Ted, the parks project manager, said the current parkland dedication approach often results in land donations located in floodplain or other low-value parcels and that the existing dollar amounts are low relative to current land costs. “As the city grows denser,…
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