Real Estate
Virginia Plays TDR Catch-Up
September 16, 2010
This article appears to discuss Virginia’s efforts to expand or modernize transfer of development rights programs as a land use planning tool. It likely addresses how TDR programs can be used to preserve farmland, open space, and environmentally sensitive land while shifting density and development potential to other areas better suited for growth. However, the full article appears to be inaccessible, and no verified Bean Kinney attorney quote could be confirmed from currently available sources.
Transfer of development rights programs can significantly affect developers, landowners, and local governments because they influence where growth occurs and how property value is preserved or shifted. Without access to the full article, though, no additional details or verified quotations can be confirmed.