September 29, 2020
Zoning strategies allow a city to benefit from the real estate industry and use the funds for capital or maintenance projects. Two zoning strategies of interest include:
Incentives and bonuses: Offering developers and property owners zoning incentives to incorporate public amenities into their development plans or contribute to a special park endowment or public improvement fund.
Transfer of Development Rights: The Transfer of Development Rights (TDR) allows property owners to sell the development rights from their land for use on another. The original site is then protected as an open space under a conservation easement.