As you will read from Patti Borda’s FNP article here, the ramifications will have a severe impact on the developability of land and commercial real estate.
On May 2, 2010 the MacRo Report Blog posted Building Lots and the Maryland “Rainwater” Act, offering up a brief summary of the challenges of Maryland”s new Stormwater ordinance. In addition to the impact on real estate development, there is a lot “gray area” that is left to the interpretation of staff … which can be a good thing, but also a bad thing. No matter how one comes down on this issue, it will have a HUGE impact on the value of real estate. Here is the article in full … Read on:
A wave of unintended consequences may yet be discovered as Frederick city officials considers new mandatory stormwater management regulations … The city must comply with the state’s Stormwater Management Act of 2007 and recently adopted legislation that amended it. A key change in the state rules requires that environmental site design … – By Patti S. Borda, News-Post Staff