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Metropolitan DC Local Politics
Reply to "What do you think of YIMBYs?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous] What developers have been sitting on approved plans for decades?[/quote] Of Montgomery's 383 active residential approvals with unbuilt units, nearly 30 percent were approved between 1995 and 2010. Most are small, but the unbuilt projects include Rock Spring (1998), and downtown Bethesda has a couple of projects that have been sitting on approvals that are more than a decade old. I fully expect the Grosvenor project to have little of the approved density built within 10 years even though it got a property tax abatement because the developer only had to get a plan approved before 2030 to qualify for the abatement. There's no deadline to build to qualify for the subsidy. The pipeline has more than 31,000 approved unbuilt residential units (excluding Rockville and Gaithersburg). There's nothing left to do but build. There's nothing NIMBYs can do to stop construction short of chaining themselves to the worksites. Please explain how zoning and NIMBYs are preventing these units from being delivered.[/quote]
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