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Historic Preservation Glossary Definition (English)
Transfer of development rights Defined
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"Explained by Frank B. Gilbert: "Landmarks are often located in the center of cities where zoning resolutions would permit much larger buildings should they be replaced. . . . In New York City the owner of a landmark may now transfer unused development rights from his lot to an adjacent site where a new building is to be constructed. This transaction, allowing the new building to be larger, enables the landmark owner to realize some of the present-day value of his land without destroying the historic building" (qtd. in All about Old Buildings 215)."
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Expert Dictionary: Transfer of development rights
Dictionary: Transfer of development rights
