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| McConnell, Virginia D.; Kopits, Elizabeth; Walls, Margaret. |
| Transferable development rights (TDRs) can be used as a local planning tool to preserve land for particular uses. TDRs separate ownership of the right to develop land from ownership of the land itself, creating a market in which the development rights can be bought and sold. Landowners who sell TDRs permanently preserve their land in an undeveloped state; those TDRs are then used to increase the density of development elsewhere. In this paper, we evaluate a TDR program for preserving farmland in Calvert County, Maryland. We evaluate the performance of the TDR market over the 23-year life of the program by looking at the number of transactions and TDRs sold and the level and dispersion of prices over time. We also look closely at the influence of the county... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Land use; Farmland preservation; Development rights; Land Economics/Use; Q15; Q24; R140. |
| Ano: 2003 |
URL: http://purl.umn.edu/10659 |
