Local News

Cary Looking To Pick Up Pace After Years Of Slow Growth

Posted August 27, 2004

— Development is a struggle for most Triangle towns. One of the big issues always involves infrastructure and who pays for what and how.

For years,

Cary

was the boom town of the Triangle, with a growth rate that hovered around 10 to 12 percent. These days it is just below 1.5 percent, according to Mayor Ernie McAlister.

Town leaders are looking for ways to increase the growth to around 3 percent while maintaining Cary's quality of life and without raising taxes.

Council members are trying to figure out a way to make Cary more attractive to developers.

"We're trying to clean up the process a bit and make it easier to administer and build more efficiently into a way we can levy transportation development fees," McAlister said.

"The part that's different is developers will be paying more up front for the capital cost of the roads, said Bill Coleman, Cary town manager.

The council is not looking at raising impact fees. It is a question of simplifying a system for developers in hopes of bringing a more manageable growth back to Cary.

The town council will continue to look at the issue and hope to have a public hearing on the matter in the fall.

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