TDR Not As Easy As It Sounds
"A report published by the research group Resources for the Future examines local programs for using the transfer of development rights (TDR), which is a market-based approach allowing for development rights to be transferred from one area to another, as a planning tool for achieving land preservation goals. The report finds that while over 140 local jurisdictions have programs for TDRs, successful implementation has often been difficult. The report focuses on 10 different local programs addressing land-use goals such as farmland preservation, protection of environmentally-sensitive lands, and control of sprawl, and includes a comparison of two long-running and successful TDR programs in Calvert and Montgomery counties, Maryland."
Thanks to Jon Cecil