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San Jose parks lose millions as developers get tax break

San Jose is cutting taxes and fees for at least 14 high-rise development projects or more than 4,000 homes in downtown. The San Jose City Council on Tuesday voted unanimously to extend the existing Downtown Residential High-Rise Program to reduce developer costs in an effort to spark more incentives for housing construction. Under the new program, developers who build the first 2,000 homes receive a 100% cut in construction taxes and a 50% reduction in park fees. The next 2,000 homes developed will receive a 50% cut in construction taxes and a 30% cut in park fees. But some community… 

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