Mar
04

Mount Pleasant Considers Cutting Impact Fees in Half to Spark Development

By
– SCBIZmag.com

Mount Pleasant town officials are considering cutting impact fees in half for 12 months to stimulate development.

Town administrator Mac Burdette suggested the idea Monday at a meeting of the Economic Development Committee. Members of the committee asked for more information before endorsing or rejecting the idea.

The fees, charged to new development to help pay for infrastructure and services, have generated revenues in the millions of dollars in recent years, Burdette said. This fiscal year they might bring in $400,000.

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE:

http://www.scbizmag.com/content/view/109658/1/
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