The RFF Reader in Environmental and Resource Policy by

Language: eng
Format: mobi
Publisher: Taylor and Francis
Published: 2013-06-16T16:00:00+00:00

For further discussion of “transferable development rights” (TDRs), see Chapter 27 in this volume.

27

A Market Approach to

Land Preservation

Elizabeth Kopits, Virginia McConnell, and Margaret Walls

As more and more agricultural land becomes developed, several areas in the United States are turning to a new tool to control sprawl and limit this development.

This new instrument, transferable development rights (TDRs), effectively creates a market for a limited number of “development rights.” A case study of Calvert County in Maryland provides some illuminating insights into how such a program works.

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