Transfer of Development Rights
The transfer of the development rights program (TDR program) is a tool to preserve historic buildings and create public open spaces. The TDR program allows the transfer of unused development rights from properties occupied by historic buildings or public open spaces to designated receiving areas. The TDR program provides an incentive for downtown property owners to comply with the city’s historic preservation and public open space initiatives. The TDR program uses market forces to pay for preservation of historic buildings and for creation of new public open space by allowing developers the right to acquire development rights that can be used to increase development at a suitable location.