It should come as a surprise to no one that Seattle is growing fast.
But this fast?
In just over three years, Seattle already is halfway to reaching its targeted housing growth for 20 years.
And a few sections of town — Ballard, Eastlake, the Central Area, Greenlake, Lower Queen Anne and downtown — already have exceeded their 20-year targets. The numbers, included within a city report on residential growth, provide fodder for those who argue that runaway growth has sacrificed Seattle’s quality of life. They plan to use the report to oppose a proposal at City Hall that would expand tax exemptions for developers who build condos and apartments in areas targeted for significant growth. To get the tax breaks, some of the units must be priced below market rate. Read the rest of this entry »
Posted by Chris
