How can you navigate the risks of dealing with multiple agencies for development permits?
Real estate development is a complex and rewarding process that involves many steps, from site selection and feasibility analysis to design and construction. However, one of the most challenging and risky aspects of any development project is obtaining the necessary permits and approvals from multiple agencies, such as local planning boards, zoning boards, environmental agencies, fire departments, and utility companies. Each agency has its own requirements, procedures, timelines, and fees, and they may not always coordinate or communicate well with each other or with the developer. How can you navigate the risks of dealing with multiple agencies for development permits? Here are some tips to help you streamline the process and avoid delays, disputes, and extra costs.