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Planning staff projects $110 million in area-plan fees over five years, flags transit funding gaps
Summary
Planning Department staff told the Planning Commission the EPIC report forecasts roughly $110 million in impact-fee revenue across area plans over five years, highlighted priority projects in Rincon Hill, Market Octavia and Eastern Neighborhoods, and urged additional revenue sources for transportation projects.
Kirsten Bissinger, a planning department implementation staffer, told the Planning Commission on Dec. 10 that the Interagency Plan Implementation Committee (EPIC) expects a significant rise in development impact fees over the next five years, driven by projects already under construction.
"We're estimating roughly $110,000,000 from all of the plan areas combined, not including the Transit Center," Bissinger said, and noted the Capital Planning Committee approved a 4.5 percent increase to development impact fee rates, effective Jan. 1.
Bissinger outlined how EPIC coordinates…
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