Committee raises concerns about 'entitlement' value when projects stall
Members argued that paperwork and entitlements create value and allow developers to profit without building; examples cited included multi-year projects and a 423-acre parcel that languished for decades.
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Committee members described how securing entitlements and permits can create market value even when developers do not proceed to full construction. One participant summarized the point: "Because without the paperwork, it's just dirt. Once you have the paperwork... now you got something of value." The group discussed examples of long-delayed projects — a 423-acre parcel was cited repeatedly — and noted the town foregoes tax revenue while land remains in entitlement limbo.
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