Construction in Coquitlam continues to move at a breakneck pace, with the city collecting $17 million in development cost charges (DCC) in 2015. Last year’s figures were up 55 per cent from 2014.
Jim McIntyre, the city’s manager of planning and development, said the money is allocated for utilities, transportation and park infrastructure to accommodate new developments.
McIntyre added the high rate of DCC revenue shows the intense level of construction.
Coquitlam recently received applications and inquires for upwards of 30 new residential towers in a city that has approved 20 in the last decade.
