Quote:
Originally Posted by jtown,man
Why is it always a "giveaway" or a "gimme" to developers to...develop? You guys act like they have like some special genie which allows them to correctly guess lotto numbers or something. Developers take risk, this is why a lot of these projects never get off the ground(like literally, Spire in Chicago comes to mind).
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Developers in the city can pre-sell 70% of their units in a modest development in the time it takes to build a sales centre. Giving them concessions from a planning/community standpoint in a market like that is a freebie, especially when the units they're bringing to market aren't going to solve any affordability problems.