One incentive is that the approval process is accelerated when a developer seeks LEED certification. The higher the level of certification sought, the more expeditious the process. For example, Chicago Spire is aiming for Gold certification, which is why the most recent iteration has been rocketed through the Chicago Plan Commission, the zoning committee, and, on May 9th, City Council.Chicago seems to be a national leader with its commitment to constructing environmentally friendly buildings.
Popular buzzwords like "green," and "LEED-certified," seem to be getting more and more mainstream.
I guess my question is this.
What incentives would a developer have to build a green, LEED-certified building? I would imagine the "greener" it is, the more is costs to make, so what's the benefit to the investors?
I can't say for sure whether it's necessarily more expensive to build a LEED certified building, but the idea is that you will save money in the long run on through lowered energy consumption costs.