Real Estate Tip – December 3, 2013
Rick Smith, Bernstein Shur, Real Estate Practice Group
& Member of the Maine Real Estate & Development Association (MEREDA)
Good development requires good public infrastructure. In selecting sites for U.S. Green Building Council’s Leadership in Energy and Environmental Design certification, developers earn points for nearby public transit, walking access to a variety of services, minimizing new parking space creation, and avoiding the need to use new land area for private water and sewer systems. The goal of this point system is, in large part, to encourage greater development density.