Is there a way for the TDR seller to participate more fully in the financial future of the potential development of the development right being sold?
Yes, at least three options could be pursued for land owners to more fully capitalize on development opportunities: First development opportunity: A landowner could invest development rights into a new development by trading them for real estate, equity, or shares in a new resort development. As with any business venture, two willing parties may explore any number of creative possibilities for exchanging TDRs or TDR value. Second: a land owner could sell all but a few TDR’s to a developer if an Estate Lot provision was included for the open space areas. An estate lot is a large lot (probably at least 10-15 acres) used for agricultural or conservation purposes. Ideally, estate lots would be built near existing roads to minimize disturbance to wildlife and scenic views throughout the valley. Estate lots require minimal infrastructure investment and will be very valuable given their proximity to the surrounding preserved open space. Third development opportunity: Several land owners could
Related Questions
- Does the Sale of a TDR Certificate Compensate Landowners for the Full Market Value of the Loss of the Development Right?
- Did the financial analysis include development potential from Totem Lake Mall and Evergreen Hospital?
- What Are The Future Development Plans For Columbia County Or Other Nearby Counties?
