The Mayor of Calgary, Naheed Nenshi said it best when he noted that developers and not taxpayers need to foot the bill for city services in new communities.
However, those costs incurred by the developers and ultimately, new home builders may ultimately pass the bill along to buyers of those new homes in Calgary’s outer suburbs.
A five-year deal
This month, City of Calgary councils approved a five-year agreement in which developers will start paying for all water and waste-water infrastructure in new communities beginning in 2018.
The City of Calgary took on debt trying to provide new residential services between 2000 and 2011, a period of expansive suburban growth. The City has to increase monthly water bills to mitigate the rising…
1074 Views, 0 Comments