Absolutely agree that sharing plans would be a positive. I was very alarmed by the Chair of the RLF saying in Wednesday evening’s meeting that commercial space will be *reduced* in the new development to help “derisk” the property, as residential units are less risky than commercial.
I thought one of the guiding principles of the rezoning was to support and grow our commercial center. Sarah On Fri, Nov 10, 2023 at 8:27 AM Margaret Olson <[email protected]> wrote: > The zoning contains a minimum level of affordability. As John points out > the town can, as it has in the past, negotiate higher levels of > affordability. Oriole Landing at 25% is well above their zoning requirement > of 15%. > > The reason we can not mandate 15% affordable is because the study the town > commissioned showed that to not be economically feasible. In practice what > that means is that nothing will be built in the current economic > environment if we mandate 15%; in other words if the entire financial > burden is borne by the developer. > > If affordable units are a priority the town can subsidize those units as > we have in the past or we could alter economics by relaxing height or other > restrictions in return for more affordable units. > > One note when comparing developments and costs: interest rates and > construction costs are substantially higher now than they were > pre-pandemic. What worked then might or might not work now. > > Margaret > > On Fri, Nov 10, 2023 at 7:03 AM John Mendelson <[email protected]> > wrote: > >> This is not true. The HCA does not '"tie our hands." >> >> Just like many public/private partnerships across the country and >> specifically here in Lincoln with Lincoln Woods, Oriole Landing, and >> perhaps other developments I am not aware of, the town can work with a >> potential developer to increase the percentage of affordable units, using a >> range of funds available. >> >> John >> >> On Thu, Nov 9, 2023, 11:18 PM Sara Mattes <[email protected]> wrote: >> >>> The only reason I am“grappling” with the HCA is that is will tie our >>> hands as to adding affordability -it, by its nature is exclusive. >>> It restricts the amount of affordability we are allowed to require. >>> And, if we tie up all the land around the station area, especially. The >>> mall, with this zoning, we will be creating an expensive and exclusive >>> enclave. >>> >>> How does that achieve goals of diversity and equity? >>> >>> >>> >>> ------ >>> Sara Mattes >>> >>> >>> >>> >>> On Nov 9, 2023, at 10:10 PM, John Mendelson <[email protected]> >>> wrote: >>> >>> http://www.growingwealthier.info >>> >>> How greater density *and* walkability benefits the environment and >>> property values. >>> >>> John >>> -- >>> The LincolnTalk mailing list. >>> To post, send mail to [email protected]. >>> Browse the archives at >>> https://pairlist9.pair.net/mailman/private/lincoln/. >>> Change your subscription settings at >>> https://pairlist9.pair.net/mailman/listinfo/lincoln. >>> >>> >>> -- >> The LincolnTalk mailing list. >> To post, send mail to [email protected]. >> Browse the archives at >> https://pairlist9.pair.net/mailman/private/lincoln/. >> Change your subscription settings at >> https://pairlist9.pair.net/mailman/listinfo/lincoln. >> >> -- > The LincolnTalk mailing list. > To post, send mail to [email protected]. > Browse the archives at https://pairlist9.pair.net/mailman/private/lincoln/ > . > Change your subscription settings at > https://pairlist9.pair.net/mailman/listinfo/lincoln. > >
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