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Metropolitan DC Local Politics
Reply to "Removal of development cap in downtown Bethesda"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Why is it bad planning to have no development cap?[/quote] For one thing it makes everyone who bought bonus density into a chump. [/quote] Are the people who bought bonus density complaining?[/quote] They will be privately, certainly. In addition, what this signals to the market is that the county is not serious. So if you were a real estate investor, you just have to wait them out and eventually they will give away everything. I does the exact opposite of what they were hoping, because it makes a mockery of the rules and as a result decentivizes investors from investing now versus waiting into the future. [/quote]
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