Georgetown County, SC Impact Fee Credit

Posted By Tara Melech @ Aug 18th 2010 11:19am In: South Carolina Real Estate

Have you read about the credit coming to certain develpors for impact fees?  While it is a positive that people are receiving credits back for the impact fee and the fee has actually gone down, the downside is the reasoning behind this credit: 

1) There are several developments that did not take place, thus a partial credit was issued to certain people who had paid the impact fee.  This leads me to question that if the impact fee had not been in place, would this have changed the outcome of the development not taking place?

2) Although the current real estate market is not as strong as it was in 2006, it is going through an increase in sales.  If an impact fee was not considered for the development, would this development be able to be completed and bring jobs to the area?

3) If the public is of the opinion that it is bad for the impact fee to take place currently, why did it take so long for something to be done in the favor of the public?

 

 


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