The justification for the plans to reduce costs to the developers keeps changing. I read about reducing pollution from cars, promoting density, intentionally making people use public transit and the reducing of costs to developers to entice them to build something cheap enough to be suitable for low-income or homeless persons. Anything that will stick to the wall, eh?
I don't like this move. It is wholly unrealistic. People own cars, whether they ride the bus or not.
It is especially delusional to think developers will build low income housing, when given the choice to do something more lucrative. Profits are not wholly based on costs, they are also based on market rates. So cutting costs for developers (by making the rest of us assume transportation costs) will not influence them to build adequate amounts of low income housing.
I hope the public have ways to oppose and rescind the plan.
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