1. Cost Projection Comparisons
Examples (except Wallace Creek) are derived from a 2005 Post-Construction Stormwater (PCSW) Ordinance Case Study Analysis. Urban Street Design Guidelines (USDG) have been added.
Project Name PCSW and USDG Cost Projections
Village of Windrow
Original Lots: 24 Remaining Lots: 16
Traditions
Original Lots: 83 Remaining Lots: 74
Woodland at Davidson
Original Lots: 54 Remaining Lots: 54
Wallace Creek (Charlotte)
Original Lots: 152 Remaining Lots: 127
$45,703 More Per Lot = $228,516 More Per Home
$731,248 Total Additional Subdivision Costs
$13,682 More Per Lot = $68,412More Per Home
$1.1 Million Total Additional Subdivision Costs
$18,750 More Per Lot = $93,750 More Per Home
$1 Million Total Additional Subdivision Costs
$23,311 More Per Lot = $116,557 More Per Home
$2.3 Million Total Additional Subdivision Costs
Tetra Tek Study completed in 2005 – old numbers.
Essential Points:
Area Housing Market Cannot Absorb These Home Price Increases
Low or Negative Margin Profits = No New Construction/Redevelopment
Eliminates The Ability to Provide Affordable Housing