The city is starting the process to update its infrastructure plan. This will determine how much developers pay to help cover the costs of new roads and utilities as the city grows.
At a glance
Rising — being discussed more frequently. 1 mention in the last 30 days, 1 the 60 before.
This plan will eventually determine the impact fees charged to new development projects in the city.
Current residents benefit by ensuring that new growth pays its fair share for necessary infrastructure upgrades.
Developers may face higher costs for new projects, which could be passed on to homebuyers.
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The city is looking to update its long-term plan for how it charges developers for new infrastructure. This plan will dictate how much developers pay to help cover the costs of growth in Magna.
The city is starting the process to update how it charges impact fees for new construction. This ensures that new growth helps pay for the infrastructure it requires, like roads and utilities.