A growing number of communities have enacted moratoria on new development, more particularly on new land divisions and subdivisions. The stated purpose is typically to eliminate development pressures during those times that municipalities are in the process of doing land-use planning. Some towns apparently are using Smart Growth to prevent growth which could lead to some negative results. There have been challenges to the enactment of moratoria as to whether or not it is legal.
There is legitimate reason for moratoria, purposes such as insufficient sewer capacity or water supply but sometimes it appears moratoria is enacted out of fear that development is going to “happen in my back yard” and I just don’t like it.
A moratorium can have devastating impact on the housing market and the overall economy. New development helps fuel and create new opportunities for many jobs including land use planners, surveyors, architects, lenders, appraisers, lumber companies, carpenters, electricians, title companies….well you get the drift.
Not only can it cause a downturn in the local economy it can reduce land value and have an undetermined long-term effect.
The public health, safety and welfare must be considered and much thought and discussion must take place before municipalities consider moratoria on development. Keep in touch with your local Town Boards and the County as future plans unfold.
Have a great weekend and enjoy the fall colors!
Life is Good, Enjoy!
Gary Nathan
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