Written by Rob Lillpopp on August 3, 2010 – 6:04 am
Adam Sichko of The Business Review writes about new rules that could limit home building in suburban areas and further hurt New York’s struggling economy.
“Developers and builders are bracing themselves for new legislation aimed at squashing suburban sprawl—with some fearing that it could limit what they build and slow down projects.
The bill, which sailed through the Legislature last month, requires state agencies to prioritize infrastructure funding to only projects that meet what are called “smart growth” principles.
The idea is to drive mixed-use development in areas that already have roads, power lines, sewers and water pipes in place.”
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