Updated on June 30, 2011
Despite clamour over rezonings, they amount to only two percent of city development permits
Despite city-wide anxiety about “spot rezonings” and density increases, only two percent of of the city’s 1,100 development permits in 2010 were the result of rezonings with higher density.
That’s a total of 23 rezonings totalling about 2.2 million square feet in the entire city.
The other 98 percent of development permits were outright approvals without rezonings.
Total capital spending on public benefits totalled $390 million, with about $31 million from DCLs. The community amenity charges totalled an additional $27 million.
Those revenues help pay for amenities as diverse as public art, dayvare, heritage preservation and affordable housing.
Conclusion: despite the perception among some that City Hall has become a rezoning machine, relentlessly densifying the city, the overwhelming majority of development is not rezoning at all.
Equally significant: most public benefits are paid for from regular revenues, not density bonuses.