The one-time fee that most developers pay in Palo Alto that’s intended to discourage traffic is going to more than double.
The City Council recently voted for a new fee schedule that would jack up the “transportation impact fee,” or TIF, rate for most of the city from $3,700 per afternoon peak-hour automobile trip to $7,886 and yield an estimated $17.2 million for city coffers by 2030. For an office development generating 58 afternoon peak-hour trips, the fee would go from the current $140,600…
