Thursday, October 17, 2013 - 5:31pm
Gordon orders a cut to NCCo capital recovery fees
County Executive Tom Gordon orders the New Castle County Department of Special Services to slash capital recovery fees on new construction.
The move is meant to generate more economic activity, particularly in the real estate market.
The revised fee structure pertains to development below the C&D Canal, where levels will return to pre-recession rates as of November 1.
The new structure reduces the current fee on single family homes from more than $12,000 to $9,800.
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