Revenue to cover cost of traffic improvements ahead of future projects like Costco
Uploaded: Wed, May 5, 2021, 4:47 pm
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Time to read: about 3 minutes
Developers who build on land in Pleasanton's Johnson Drive Economic Development Zone (JDEDZ) by the I-580/I-680 interchange will also cover the cost of traffic improvements in its vicinity, after the City Council unanimously voted on Tuesday to levy transportation fees on new development in the area.
With a Costco, two hotels and other businesses planned to anchor the location of Pleasanton's newest commercial development, city staff said revenue collected from the transportation fees would mitigate the impact of new development in the JDEDZ by upgrading and adding to the city's traffic infrastructure. Fees would be assessed according to land-use and the building square footage being proposed.