IRVINE — Developers of the Irvine Business Complex this week won sizeable decreases in fees the city had been charging to help offset the costs of building supporting roads and infrastructure.
Builders had been asked to help offset the costs of road and other projects required to support the project.
Under the old fee structure, commercial and office builders were assessed $20.28 per square foot; hotel builders, $9,383 per room; and residential builders, $7,175 per unit. There were also charges for warehouses, manufacturing centers and extended-stay hotels.
The decreases, which the City Council approved Tuesday, range from about 72% to 74%.
"[The fee reduction] is an actual economic stimulus to our industry," Kristine Thalman, chief executive for the Building Industry Assn. of Orange County, told the council. "…Our membership is extremely pleased that Irvine has made the necessary adjustment to IBC transportation funding plan and the associated fee program."