Cambridge hikes fees on new commercial developments to help head off the displacement caused by an i...

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Cambridge hikes fees on new commercial developments to help head off the displacement caused by an increase in development. Will Somerville follow suit?

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"Linkage fees are meant to help head off the displacement caused by an increase in commercial development, a pressing concern not just in Cambridge, but around the region.

“It is hugely significant,” City Councilor Marc McGovern said of the fee increase during a meeting on Monday. “It is true leadership that once again this council, and this city, is showing.”" ... "The fees are set to rise each year automatically based on increases in the Consumer Price Index Housing Index for the region." https://www.bizjournals.com/boston/news/2022/10/18/cambridge-hikes-fees-on-big-new-commercial-develop.html?

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leapinleopard

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Posted: 2 years ago
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