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Transferable Development Rights

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https://ir.library.oregonstate.edu/concern/graduate_projects/3f462613w

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  • The preservation of land, such as wetlands and agricultural lands, is often pursued through traditional methods such as zoning or eminent domain. Transferable Development Rights provides a different approach to the preservation of land by allowing the sale and transfer of development rights from land to be protected to land in which development is desired. The sale of development rights provides a means by which to compensate the landowner who is restricted in developing his land. This paper reviews the origin of TDR, reviews proposed and implemented TDR plans, and discusses the advantages and disadvantages of TDR.
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