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Originally Posted by ATLMidcity
Ooooh some sanity to counter-balance the pie-in-the-sky dream machine. Sooo refreshing on these contentious boards.  |
Well, my whole life is nothing but zoning and entitlement. Folks on here tend to have the most simplistic understanding of the issue - especially those who blame the FAR's for the proliferation of mid-rises.
I have never had a developer tell me that the FARs in Midtown were what was preventing them from building a true "skyscraper." The biggest issue are that: 1) lenders only want to finance deals of a certain size in order to minimize risk, 2) there's little demand for "prestige" buildings anymore, and 3) they're much more expensive to build and the rents don't justify the added cost.
Developers have a lot of clout in Atlanta. If FAR was really a problem, Midtown Alliance and property owners would be pushing to increase them. There has been zero push to do this.
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