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Issues > Transfer of Development Rights > Talking Points |
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Talking Points
The Transfer of Development Rights Act will:
- Create a managed growth compromise between environmental protection
and development;
- Allow development to continue in desirable areas determined
by the market and simultaneously preserve environmentally sensitive
and critical agricultural areas;
- Reduce the haphazard developmental affects on environmental,
food supply, and quality of life in communities;
- Prevent economic consequences of stopping or reducing development
by creating a controlled environment;
- Provide equity to landowners who hold land that is most valuable
as open space or farmland. Financial gain is provided through
the sale of development rights instead of a program that hinders
development and offers no compensation; and
- Protect the environment, allow development, and let landowners
receive financial compensation.
Current state and local zoning ordinances cannot adequately protect
land, allow for development while escaping legal challenges, and
often lack the necessary funds to purchase open space for protection.
TDR programs:
- Are voluntary in nature and tend to avoid the legal “takings”
issue;
- Make strong land use policies more political palatable and easier
to implement because local officials experience less political
pressure when landowners are being compensated for lost development
rights;
- Reduce zoning variances as developers look to the market to
secure development rights;
- Provide private funds for protecting open space, historical
sites, and other land designated for public protection;
- Make development more predictable and easier to track. Instead
of expending resources to negotiate variances to zoning ordinances,
developers purchase development rights and can exceed zoning regulations;
and
- Are more permanent than zoning regulations. TDR programs use
deed restrictions and conservation easements to record and expire
development rights and thus permanently protecting open space
and historic sites. Zoning regulations can fluctuate over time
and across administrations.
TDR programs are less burdensome on public funds while appealing
to developers and landowners.
- The private sector buys the rights, saving the public from a
large expense.
- TDR programs compensate landowners for land-use restrictions.
- They help to keep farmland prices affordable for agricultural
uses.
- They can encourage development in designated growth areas where
there is adequate public infrastructure.
- They can promote good community growth management.
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This package was last updated on February 4, 2005. |
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