Appraisal News For Real Estate Professionals

2006/03/24

LOCAL - Fees May Up Home Costs In New Subdivisions

Fee may up home costs in new subdivisions - By Mary Ann Ford mford@pantagraph.com "NORMAL - It likely will cost more to build a house in a new subdivision in Normal.The City Council raised the fee developers have to pay the town for future parklands from $35,000 per acre to $45,000 per acre.If developers opt to give the town land for a park instead, they also will have to give more: 10 acres per 1,000 population projected for the subdivision instead of 5 acres per 1,000 population. " Full Story . . .

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