TDR Marketplaces

• a market-based mechanism that promotes responsible growth,

• conserving prime agricultural land and open space

• TDR programs redirect growth -- not limit development

• voluntary transactions

• development rights are transferred from privately owned land (sending sites) to areas that can accommodate additional growth (receiving sites)

  • Landowners in sending areas receive compensation for giving up their right to develop
  • Developers in receiving areas pay for the right to a bonus in the receiving area, such as additional height or density than would otherwise be allowed
  • When development rights are removed from a parcel, a conservation easement is placed on the sending site

Notes: