Expert Answers » Historic Preservation
Historic Preservation Glossary Definition (English)
Transfer of Development Rights Defined
The following is in context to Historic Preservation, because it's common for a single word to have multiple meanings you will find additional research links near the bottom of the page.
"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)."
Additional Languages
Additional Transfer of Development Rights Definition Starting Points
The following links are listed in alphabetical order. Please note we cannot guarantee Transfer of Development Rights definitions are contextually accurate to Historic Preservation at third party websites.
Expert Dictionary: Transfer of Development Rights
Dictionary: Transfer of Development Rights
