University Station Fiscal Analysis Presented, Debated
Developer's expert presents report, while town's expert disagrees on some methods and conclusions. Both have more work to do as the process rolls on.
The Champagne Room at Carby Street was filled up last night for the Planning Board meeting as the discussions surrounding University Station continued. Zoning bylaws were on the agenda, but the topic the majority of the room seemed most interested in was the Fiscal Impact Analysis. John Connery, the expert who prepared the Fiscal Impact Analysis for the developer, began by presenting his opinion by explaining the methodology used to determine his results. He explained how he tries to find comparable communities and projects and for the retail portion of the project he used South Shore Plaza, Burlington Mall, Derby St., Legacy Place and another place in Burlington. “[University Station] is somewhat different than the five I mentioned,” …
sean
1:33 pm on Wednesday, November 21, 2012
Robert, Thanks again! Those are very good coverages and useful information. The difference between condo and apartment is really astonishing. Very interesting! more ›