A Valuable, Under-Utilized Instrument
By giving TDRs more exposure, Aedalin makes it easier for communities, buyers, and sellers to make use of them. TDRs allow:
- Communities/city planners to preserve their open spaces, historically significant buildings or sites, forests, farmland, and other special areas from development.
- Communities/city planners to encourage development and increased density in areas with existing infrastructure rather than in areas where public services or utilities aren’t readily accessible. With TDRs, planners can transfer development rights from an area that should be preserved to an area already maximized for development.
- Owners of development rights to get a return on their investment.
- Developers to find additional space suitable for development.
If TDRs are implemented correctly, the overall density of an area stays even. It’s merely shifted from a location that should be preserved to another area that has been maximized for development. Whether you are a landowner or a developer, you should feel confident that TDRs provide a powerful tool to manage urban sprawl, preserve open space, and reduce the overall toll of development on the environment!
The Tahoe Regional Planning Agency has established a TDR Program to preserve Lake Tahoe's beautiful clarity.
Transferable Development Rights are an equitable way to achieve conservation, view corridor and agricultural goals.