![]() ![]() The argument was that higher fees would stifle growth and eliminate jobs. The business community's Jobs Coalition launched the referendum drive just after Christmas with former Mayor Jerry Sanders, now head of the San Diego Regional Chamber of Commerce, leading the charge. As much as $10 million is expected annually, enough to build as many as 100 homes, if the fees go into effect, on a graduated schedule starting July 1 as originally intended. Other rates apply to hotels, retail and industrial spaces with the highest increase of 744 percent charged to warehouses, which went from 27 cents to $2.28 per square foot. The new fees raised the cost for office development from $1.06 to $5.32 per square foot. ![]() The San Diego Housing Commission says about $2 million is currently raised annually. The one-time fees, first adopted in 1990, are charged to nonresidential developers and deposited into the city's housing trust fund to build affordable housing projects and operate various programs. ![]()
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