Boulder: Linkage Fee is Official

As of September 7th new commercial projects will pay a per square foot linkage fee to augment the City’s affordable housing fund. The fees will be phased in from 25 percent on June 7 to 100 percent in June of 2016. For example, the fee for a new office will cost $2.38 PSF when the ordinance takes effect next month but will increase to $9.53 PSF in a year. Interestingly the City is also in the process of reviewing and updated all development-related fees which means that it is possible the fees, which are based on a 2009 study, will be raised again in the near future.