Dunedin looking to woo development downtown
DUNEDIN -- Downtown residential developers could start receiving breaks on parkland impact fees under a proposal being explored by city leaders and staff.
At issue is Dunedin's Land Dedication Ordinance, or LDO. Since the mid 1970s, the ordinance has required owners of new residential developments containing five or more housing units to either include green space for their residents or contribute to a city fund for future Dunedin parks. The fee is based on the property's value.
But as property values increase, the city has received complaints that developers are discouraged from doing business in Dunedin, especially downtown, due to high LDO fees and little space for parkland in projects.
The city staff has proposed that developers in downtown'sCommunity Redevelopment Area receive an automatic 50 percent discount on LDO fees. Developers could earn up to another 35 percent in discounts if they meet certain incentives, such as erecting a mixed-use project.
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