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Princeton council debates short‑term rental rules, weighs 24‑month phase‑out against grandfathering
Summary
Councilors spent an extended portion of their Oct. 27 meeting reviewing recommendations from a Short‑Term Rental Working Group and weighing two implementation options: a 24‑month phase‑out for nonresident operators or permanent grandfathering for existing units.
Councilors spent an extended portion of their Oct. 27 meeting reviewing recommendations from a Short‑Term Rental Working Group and weighing two implementation options under consideration: a 24‑month phase‑out for nonresident operators and a grandfathering approach for existing units.
Counsel David summarized the options, saying the working group had focused on option 3 (grandfathering) but also reviewed option 2, a phase‑out allowing nonresident operators 12 or 24 months to transition. David told the council the town likely has about 150 short‑term rental units and estimated that roughly 100 might be operated by nonresident owners. “The revenues that staff is estimating could come from those 100…
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