Considered potential impacts of new code on land value and development cost in commercial, industrial, and high-density multifamily residential districts.

Major findings:

• Economic impacts of new code not significantly different from current code.
• Neutral impact on property values except for industrially-zoned properties.
• Increased costs related to landscaping and pedestrian facilities largely offset by reduced parking requirements.
• Most development is limited by market forces, not zoning regulations.
• Development cost comparison analysis is helping to identify opportunities for improvement in rewrite.

Detailed info: Economic Impact Analysis (EIA) Executive Summary and Addendum