Downside of Restricting Neighborhood Renewal
The Raleigh City Council's attempts to mandate extreme and arbitrary limitations and restrictions on expanding existing homes and building new homes in place of older homes will:
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Promote sprawl which requires the construction of new roads, new schools, new water sources and other costly infrastructure, as well as the clear cutting of forest land.
Allow special interest groups--rather than homeowners and citizens--- to determine the public policy for improving and renewing Raleigh's neighborhoods.
Result in the decline of neighborhoods and an increase in rental properties.
Impact senior citizens and working families by significantly reducing the appreciation of their homes which they are relying on to move to the next stage of life.
Generate less revenue from property and sales taxes and hamper the local economy during a time when the real estate and building industries are already in a decline.
Result in the potential loss of countless jobs that rely on the residential construction industry. The impact will eventually trickle all the way down to the local dry cleaners.
Make it more expensive for property owners to renovate a home