development remissions policy
TRANSCRIPT
Development Incentives for Urban Growth
Here are some examples of developments we waived fees on recently. Some even received rates rebates. Will yours be next?
What are remissions? City Wide 3 or more houses less than 400m2 sections 500m2 of non-residential development Rates emissions for economic development CBD: 500m2 of qualifying commercial development 8 or more apartments $1.5M worth of new CV = rates remission
New Dwelling BC Growth
0
100
200
300
400
500
600
700
2009-2010 2010-2011 2011-2012 2012-2013 2013-2014 2014-2015 2015-2016
Porirua
Upper Hutt
Lower Hutt
WellingtonDevelopment Charges Remissions Policy Introduced
Melling Medical Centre - Underway
Post Office - Complete 16 apartments 1-2 beds rented
within weeks of listing 3 retail spaces
4-star Sebel Hotel
Rymans Retirement Village – Bob Scott Village
Briscoes/Rebel Sports - Underway
95-97 Cuba Street – consented and being marketed
Boulcott – 4 medium density townhouses and associated vacant lots*
*This development is staged. The stage with townhouses was eligible for remissions. The vacant lots were not.
