Transportation, construction, and upkeep of roadways can be one of the more costly endeavours for cities and counties. While some people disagree with public/private partnerships for roadways, they are one way to provide services while mitigating the short-term impacts to budgets.
In Orange County, the development fees over the last thirty years have provided hundreds of millions of dollars towards toll roads.
This presentation, given to the Orange County board of supervisors, was then published in Supervisor Bill Campbell’s Online News Letter.
From Supervisor Campbell’s Newsletter:
On Wednesday, the Foothill/Eastern Transportation Corridor Agency Operations and Finance Committee received a presentation on the Agency’s Major Thoroughfare and Bridge Fee Program. The Major Thoroughfare and Bridge Fee Program is the Agency’s development impact fee program.
The program was established in 1985 and revised in 1991 in partnership with the building and business communities as one of means of financing the toll roads. The fee program calls for the developers of new residential units to pay $3,466 or $4,869 per single family home and $2,018 or $2,843 per multi-family unit. The program also calls for developers of commercial properties to pay $3.92 or $6.77 per square foot.
Over the last 23 years, the fee program has provided $379 million towards the payment of the toll road debt and development.
To view the presentation given to the Committee, click here.