Impact fees for roads, street being considered
Currently the Town of Wake Forest assesses developers two impact fees, one for parks and recreation which has just been updated and increased and one for fire station construction. Now the commissioners and town officials will have to determine if they want to have developers help pay for the new roads and streets that future growth and development will bring. The consulting firm Benesch has just concluded a Multimodal Transportation Impact Fee Study including the possible fees developers could pay for single-family and multi-family development as well as commercial and industrial growth. The report suggests a transportation fee of $4,431 per house for single-family developments and $6,748 for multifamily units and fees ranging from $4,431 to $14,085 for commercial and industrial developments. Benesch’s draft report is available for review and comment at https://engagewakeforest.org/multi-modal-transportation-impact-fee. The Benesch staff will provide a full briefing to the Board of Commissioners on Tuesday, Nov. 5, at