But I don't know how realistic that is or isn't. Maybe it's more feasible to have a temporary special tax assessment on the property to help pay for their share of it.
https://www.strongtowns.org/journal/2011/6/16/the-growth-pon...
From part 4: talking about the 70s when infrastructure maintanence and replacement bills started coming due "The critical insight today is to understand how we reacted to the end of the first life cycle of suburban development, when those maintenance costs started to come due and cut into our growth-generated wealth. This time there was no spatial shift as seen in the other large, economic corrections. Instead, we made a choice to double down on the suburban experiment by taking on debt.
We used debt to drive additional growth and sustain the unsustainable development pattern for a while longer. A lot of this debt was public debt, but we facilitated mechanisms for increases in private debt as well (for example, Fannie and Freddie early on and then subprime mortgages and securitization later). Here is a graph showing our public and private debt levels since the beginning of the suburban experiment. I have noted roughly the first and second life cycles of those initial investments."
That’s not faux progressivism. That’s real progressivism, just applied to an area some progressives want to see flourish rather than be killed.
The more requirements you tack on to any kind of housing development, the more expensive it becomes to build housing, and so projects on the margin get killed and rents go ever-higher. That's not acceptable.
If Magnolia needs new infrastructure, that should be handled by the city government, and funding for it should come from city-wide property taxes or municipal bonds. Tying infrastructure funding to individual housing projects is silly, and if I'm being cynically honest, I have a feeling it's a fig leaf to mask that the real goal is to just kill the project entirely.