Are residents willing to put up $200 million to correct the housing imbalance? Would they support $150 million for water resources? County commissioners to discuss Tuesday.
Palm Beach County has never been reluctant to spend large sums of taxpayer money to tackle huge issues.
Voters approved $100 million bonds twice in the 1990s, once to buy environmentally sensitive land and a second time to buy south county farmland.
Without voter approval, county commissioners shelled out $269 million in 2006 to land The Scripps Research Institute and $87 million more to bring Germany’s Max Planck Florida Institute for Neuroscience to Jupiter.
But borrowing $350 million in one fell swoop? That’s what commissioners will contemplate at a 9:30 a.m. March 29 workshop.
Continue reading “$350 million at stake: County to consider borrowing for affordable housing, the environment”
Palm Beach North Chamber panel explores what has to be done to make sure ‘the people you see every day’ can afford to live here.
As housing prices rise and supply dips, it’s becoming harder and harder for essential workers like nurses, teachers and police to find places to live in northern Palm Beach County.
That makes it harder for businesses to find employees.
And that’s one way that the area’s housing affordability crisis affects everyone, agreed four panelists Wednesday at the Palm Beach North Chamber’s “Business Before Hours” breakfast at the Embassy Suites hotel.
Continue reading “Housing affordability crisis: ‘A fundamental business issue’”