Transferable Development Rights
Table of Contents
Introduction……………………………………………………………………………pg 3
The Effects of Development…………………………………………………...pg 5
Issues of Zoning………………………………………………………………….…..pg 7
Using Transferable Development Rights………………………………….pg 11
Dealing With the Challenges……………………………………………………pg 13
i. TDR Banks………………………………………………………………pg 15
ii. Challenges of Banks…………………………………………..…..pg 17
Using What We Know……………………………………………………………..pg 18
Case Studies…………………………………………………………………………….pg 21
Conclusion……………………………………………………………………………….pg 22
Works Cited……………………………………………………………………………..pg 24
Introduction
The use of transferable development rights (TDR’s) is not a new concept, nor is it the only tool in the toolbox that can be used to control and direct growth in communities. However, it can be a powerful method to curtail sprawl and to preserve open space. There are 129 transferable development rights programs across the country being implemented by local, county, state, and regional governments (Machemer & Kaplowitz, 773). With the passing of the State Transfer of Development Rights Act in 2004, New Jersey became the first to use TDR on a statewide level (Office of Smart Growth). Each level of government and their respective TDR program has its own purpose and focus to address issues such as protecting environmentally sensitive areas, preserving agricultural land, safe guarding historical sites, and revitalizing urban areas.
As New Jersey continues its path of rapid development the state is facing many challenges such as available space to develop, increasing property taxes, and many other factors related to sprawl. What will future development look like? Will it be sustainable, healthy, and productive communities or will it be more of the same? Even though there have been TDR programs in place for some time, TDR are a relatively new tool available to New Jersey municipalities and if used...
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