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Service Description: Locations of sending, receiving and bank sites participating in TDR Program in King County, WA. The TDR program is a voluntary, incentive-based, and market-driven approach to preserve land and steer development growth away from rural and resource lands into King County’s Urban Area. The Program is based on free-market principles and prices that would motivate landowner and developer participation. Rural landowners realize economic return through the sale of development rights to private developers who are able to build more compactly in designated unincorporated urban areas and partner cities. It allows rural landowners to receive financial compensation without having to sell or fully develop their land. Developers are financially motivated to purchase development rights from the TDR market as they are able to put additional dwelling units in their projects.
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Description: Transfer of Development Rights (TDR) Program Sites - Sending, Receiving and Bank sites in King County, WA.
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Document Info:
Title: King County Transfer of Development Right Program Sites
Author: Water and Land Resources Division, DNRP
Comments: Locations of sending, receiving and bank sites participating in TDR Program in King County, WA. The TDR program is a voluntary, incentive-based, and market-driven approach to preserve land and steer development growth away from rural and resource lands into King County’s Urban Area. The Program is based on free-market principles and prices that would motivate landowner and developer participation. Rural landowners realize economic return through the sale of development rights to private developers who are able to build more compactly in designated unincorporated urban areas and partner cities. It allows rural landowners to receive financial compensation without having to sell or fully develop their land. Developers are financially motivated to purchase development rights from the TDR market as they are able to put additional dwelling units in their projects.
Subject: Locations of sending, receiving and bank sites participating in TDR Program in King County, WA.
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Keywords: sending site,receiving site,bank site,tdr site,king county
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