Reply to S/O - More Rezoning and University Boulevard Corridor Plan

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Reply to "S/O - More Rezoning and University Boulevard Corridor Plan"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Bump

The Planning, Housing, and Parks Committee is holding a work session on Monday, October 20th. If you live in the impacted area, please share your views, whatever they might be, with the Council before Monday.

https://www.montgomerycountymd.gov/council/contact.html

It looks like they've decreased some of the proposed height limits (for example: original plan called to increase Safeway property max allowable height to 100 feet -- now decreasing to 60 feet -- currently zoned for 45 feet).

Much of the plan is dependent upon private property owners choosing to sell at some point,  so who knows when/if any of this could happen. Even so, of greatest concern is connecting streets throughout Four Corners to University, greatly increasing cut-through traffic on streets that don't have sidewalks and are already filled with parked cars, since many homes don't have driveways and/or garages.[/quote]

The main effect of this plan will be making land more expensive. When land prices increase, so do housing prices. In practice, this means that a three-story project on the Safeway lot that would be economically viable today won’t be economically viable when the height limit increases, because increasing the height limit increases the revenue potential of the land and therefore its price. At the same time, the three-story project would be more likely to deliver faster than the six-story project because the vacancy risk is lower (and the project is probably less complex in many respects). In sum, this proposal gets you more expensive housing farther into the future. I thought we needed more housing now. [/quote]

I guess that explains why all those 2 story rowhomes in Georgetown are really cheap, according to your logic.[/quote]

Were you reading a post that we can’t see?[/quote]

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