Transfer of development rights and urban land markets
Bibliographic Data
| ID | 4142956 |
|---|---|
| Authors | Evangeline R Linkous (University of South Florida), Evangeline Linkous (0000-0001-8536-4046, University of South Florida, corresponding author) |
| Year | 2017 |
| Volume | 49 |
| Issue | 5 |
| Pages | 1122-1145 |
| Publication date | 2017-05-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Environment and Planning A Economy and Space (JOURNAL) |
| Journal identifiers | ISSN: 0308-518X • E-ISSN: 1472-3409 |
| Publisher | SAGE Publications Inc (PUBLISHER) |
| DOI | 10.1177/0308518x16686794 |
| OpenAlex | W2571462443 |
| Language | EN |
| Citations received | 17 |
| References cited | 29 |
Transfer of development rights (TDR) is seen as an important tool for land use planning, in large part because it leverages market mechanisms. TDR extends market concepts used primarily in emissions trading programs to the arena of land use. However, with the exception of a handful of success stories, TDR programs generate few transfers. Although researchers generally attribute the weak performance of TDR to program design flaws, this study demonstrates that the unique conditions presented by urban land markets explain, in part, why TDR programs often underperform. I present a case study of a TDR program in Sarasota, Florida, to address two questions. First, what attributes of urban land markets may impact TDR program design and outcomes? Second, is TDR a planning tool that can achieve desired planning goals, given the conditions of land markets? I find that the unique features of land markets-specifically (1) the sensitivity of development to timing; (2) imperfect information, uncertainty, and speculative activity; (3) unique features of land; (4) the limited number of buyers and sellers; and (5) the development orientation of urban political and planning institutions-distort the market for transferable development rights. The Sarasota case demonstrates how local land market characteristics contributed to a set of incremental program design and implementation decisions that, in sum, amounted to significant departures from fundamental program principles and mechanisms. These resulted in imperfect market conditions and rendered the TDR program ineffective
Business · Civil engineering · Economics · Environmental economics · Environmental planning · Geography · Imperfect · Industrial organization · Land use · Natural resource economics · Program Design Language · Urban planning · Computer Science · Engineering · Housing Market and Economics · Public-Private Partnership Projects · Urban Planning and Valuation
Urban planning and the market of development rights in Italy
Algorithmic Governance in the Real Estate and TDR Exchange of India
How can restricted farmland development rights be compensated to stimulate farmland protection? A provincial exploration in China
Judicial big data reveals systemic risks in China’s transfer of development rights
Tourism zoning failures
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A Political Ecology of Exurbia in the Sunbelt
Unpacking the effects of rural homestead development rights reform on rural revitalization in China
The Pinelands Development Credit Program
The impact of heritage-led transfer of development rights (TDR) on a city’s planning, bureaucracy, and administration
Transfer of development rights, farmland preservation, and economic growth
The effect of industrial and commercial land consumption on municipal tax revenue
The role of communication on an experimental market for tradable development rights
The effects of urban green infrastructures on the housing market
Institutional change and diversity in the transfer of land development rights in China
The State as Both Regulator and Player
What Makes Transfer of Development Rights Work?
Case Study Research
Institutions, Institutional Change and Economic Performance
Urban fortunes
Power to Build
Farmland preservation, development rights and the theory of the growth machine
The Rising Importance of Voluntary Methods of Land Use Control in Planning
Planners’ experiences in managing growth using transferable development rights (TDR) in the United States
Transfer of development rights in theory and practice
Urban innovation
Transferable development rights markets
Transfer of development rights and public facility planning in Taiwan
Development Rights Markets to Manage Urban Plans in Italy
Panther Politics
The City as a Growth Machine
| Unique citing works | 17 |
|---|---|
| Citations per year | 1,89 |
| Citation span | 2017 - 2026 (10) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 16 |