You scratch my back. . .

Transfers of Development Rights are not new. In 1916, New York City planners zoned the city and included a provision letting owners sell their building rights to neighboring lots. In the 1960s, they changed the law so lots didn’t have to be next to each other to TDR-swap.

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Thanks for the development rights

In downtown Seattle, the owners of older, landmarked buildings get money for selling their development rights, and downtown developers buy those rights to build bigger on other sites.

King County also has a TDR program that lets developers in areas targeted for growth buy development rights from rural landowners. Vulcan took advantage of that program in 2005, purchasing 19 private TDRs to build 40,000 more square feet at Westlake/Terry. The county’s TDR program sunsets this month.

Now, the Seattle City Council is considering expanding Seattle’s program to other areas of the city. Proponents like former council aide Roger Valdez say other neighborhoods like Capitol Hill and First Hill are also seeing rapid growth and the TDR program will help the city hold on to some of the older buildings that might otherwise get razed.

The Seattle City Council’s Planning, Land Use and Neighborhoods Committee could discuss the idea at its meeting at 9:30 a.m. this Wednesday.

The committee will also talk about raising allowed building heights in Interbay and South Downtown, and about extending the developer incentive program, where developers get to build higher if they build or pay for affordable units.

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