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Podcast: The Real Estate Espresso Podcast
Episode: AMA - Expensive Connection Fees
Description: Today is another AMA episode, (Ask Me Anything). Our question comes from Tracy in Washington State who writes:I’m working on a 144-unit apartment project in an older jurisdiction where the city is charging about $7,000 per unit for water and sewer—so roughly a $1M fee. At the same time, we’re bringing the main to the site, installing all laterals, and handling all on-site infrastructure.Based on public records, the sewer system is operating at around 50% capacity, and the fees from this one project would represent a large portion of their annual water improv...