Transfer of Development Rights
Landowners have the right to develop their land or sell it to a developer. Local laws determine the density at which landowners have the right to develop their land. Some local governments have adopted ordinances that allow Land Owners to transfer those Development Rights to other Land Owners, allowing those owners to increase the density at which they can develop their land.
The purpose of this exchange is to create a market place from which Land Owners and Developers can buy and sell Development Rights.
The exchange originated in Troy Township, St. Croix County, WI. As more Local Governments adopt ordinances that enable the exchange of Development Rights, we will add those locations to this exchange.
An Open Exchange to Transfer Development Rights.