Attacks on Density
The Austin Contrarian did a nice post yesterday on the Design Commission's Density Bonus Recommendations. A "density bonus" isn't quite what it sounds like - developers don't get a bonus for building more density. Instead, developers pay the city (generally to provide money for parks, affordable housing or mass transit) in exchange for the right to build more density.
Parks, affordable housing and mass transit are all good things, but density is also a good thing. Increasing the cost of density reduces the supply. Some projects will be built only if they don't have to pay density bonuses. People seem willing to pay any price for a downtown condo right now, but that isn't going to last forever. The current case-by-case approach allows the city to extract concessions from developers when it can (and to specify the concessions that make the most sense), while allowing good projects without high margins to go forward without paying an extra tax.
We'd rather see the city encourage density instead of taxing it, increase the costs of things we don't like (burning gasoline, wasting water and electricity, building sprawling suburbs, using plastic bags, speeding, kicking puppies, stomping on flowers) and use that money to fund parks, affordable housing and mass transit.


