tag:blogger.com,1999:blog-11302996.post114351734767954544..comments2023-10-25T11:01:13.802-04:00Comments on Save Our Sarasotaâ„¢: Density Bonus ProposalSOS1http://www.blogger.com/profile/06892243531071920272noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-11302996.post-1144106161117150992006-04-03T19:16:00.000-04:002006-04-03T19:16:00.000-04:00Developers estimate costs for their projects and t...Developers estimate costs for their projects and then add on a profit margin to establish a base selling price. If demand is high they raise prices above the base. If demand is slack they scale back the profit margin, but of course no one wants to sell below cost. Therefore, lower density projects, with less costs and fewer selling units, have a lot less total profit potential than high density projects. A density bonus of 150 units per acre could put three or four times as much money to the bottom line of a successful project. <BR/><BR/>It is also a fallacy to suppose "we are talking about the same building just with different insides". Lower density means 6 or 7 stories vs 10 to 18 stories tall for high density. Lower density buildings don't have to be built "lot line to lot line". They can leave room for a few trees, open spaces. They don't steal their neighbours sunlight. They make fewer demands on city infrastructure, are easier to build, cause fewer street closures etc.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11302996.post-1143845972978219582006-03-31T17:59:00.000-05:002006-03-31T17:59:00.000-05:00It is actually less expensive to build one unit th...It is actually less expensive to build one unit than two, so it is not a developers dream to have the density. No developer will intentionally build something that will not sell, so really it is the market that should set density. We are talking about the same building just with different insides. Remember every unit has to have many things that seperate it from the other units, baths, electric, door, insulation and so it is not always affrodable to make more than less. What more units allows is more options to the public and a diverse choice. This should be supported not frowned upon.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11302996.post-1143584974001706982006-03-28T17:29:00.000-05:002006-03-28T17:29:00.000-05:00It would be a crying shame if we let our city gove...It would be a crying shame if we let our city government ruin the downtown core to promote a "affordable housing" scheme that might not actually produce the intended product. A 150 unit per acre density bonus, (yeilding 200 units per acre!)is a developer's wet dream, plain and simple. It makes one wonder who actually runs Sarasota.Anonymousnoreply@blogger.com