$1 million? Damn the city is a cheap date. If this is actually going 40 stories, that’s just another added 1% to the cost of the project, maybe even a fraction of a percent.
Yeah, no reason Kane Realty doesn’t bake that into the bottom line.
Glad it’s moving forward and I’ll just leave it at that.
And the city is a super cheapskate for that price. 40 Stories are like 200+ Million Dollars, right? Especially if you count road construction, and I think Phase 3 has much more extensive site preparation?
I’m very pleased to hear it did not get stuck on politics. Surprised, but it’s Kane so not surprising. Maybe they should create a Kane Committee to handle all of the development, and all of the approvals just reroute to his offices, I think that would work out best for everyone.
Any news on Clearscapes’ rezoning on Commerce Pl.? I believe that was scheduled to come before the GNR committee today as well.
Cabarrus Planned Development. It’s another Kane rezoning request.
Our community thread:
Why is he obligated to pay this at all though? Is the premise that this development is going to drive up housing prices? I thought $1M seemed like a lot since Kane could argue this is increasing the tax base but what do I know. Either way, glad it’s moving forward.
Agreed (increased tax base/density). That’s our current city council.
This definitely shows you how politicized the rezoning process has become. Rather than being logical and evaluating rezonings based on our comprehensive plan, staff reviews, and planning commission, the council has to show that it is doing something. They have to show that they are relevant to the conversation. The council of No subset, and their direct supporters, feel they have to respond to the growing concern of affordable housing.
Kane played it well by offering that $1m towards affordable housing. He gave them an out, allowing them to support the rezoning (which is what the pro-growth crowd wants) AND share that they did something towards affordable housing.
I hope a future council can take the politics out of Raleigh planning but I doubt that will ever happen. I don’t see this as a victory for affordable housing as this council still hasn’t delivered a solid plan for it. Their strategy is to strangle developers for what they want.
That’s because it’s not really about affordable housing just like Mendel expressing concern about the Dix Master Plan wasn’t actually about gentrification concerns. They’re just trying to keep Raleigh from changing and/or if it does change, it changes slowly and under their terms. They know they’d get pilloried if they just came out and said “Keep Raleigh Small” so they couch it in these terms without giving real specifics or accepting compromises.
Exactly. Stef is tops at this.
On one side of the coin, she was against short-term rentals (STR) due to the concern about removing housing from the market, changing them from rentals to STRs. She says this would affect housing prices. (AKA they will go up)
Now, since she seems to have an understanding of market forces on housing supply and prices, she continues to be against density which is baffling.
This case-by-case council meddling has got to be reined in. Let’s get a mayor that can get the council to work on larger projects and let staff, the commissions, do their work.
Amen!! Trying to keep my opinion to myself but this is politics at its best. But glad it’s moving forward.
I believe you are referring to MAB! Can’t wait to vote for her.
Is “MAB” pro development?
Very much pro density/pro development of downtown areas. 10ish years of experience on the council. She’s my #1 pick far and away.
She works for a construction company, so . . . yes.
Think she will win?
Vote early and often!
Don’t say often. While a joke, there are people out there that just ache to invalidate our democratic system as fraught with fraud.