[mhays]

I don't recall a study by developers. They simply don't take advantage of the added height and pay the fees, except in certain locations, because it's frequently not worth it. It turns out.... (drum roll)....market rate projects have to meet financial parameters too.

We'll see whether rents and condo values have risen enough to make a wave of projects pencil despite the fees. So far we've seen maybe 20 of the 440' variety proposed but only 4 started. Lots of woodframes are going up or about to in highrise districts, particularly SLU and the ID.

The bigger question is why you'd like to make market rate housing substantially more expensive.