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Palo Alto historic board discusses transferring subterranean development rights to residential historic properties
Summary
Board members discussed a proposal to allow qualifying category 1 and 2 historic residential properties to obtain or sell subterranean development rights (basement expansion beyond existing footprints) as an incentive to accept historic listing and preservation covenants.
Board members discussed a proposal to add a transferable subterranean development-rights incentive for qualifying category 1 and 2 historic residential properties, a policy the Historic Resources Board framed as an analogue to downtown commercial floor‑area transfer programs.
Board member Pease introduced the concept as part of the board's work plan goal 4, saying the proposal would permit property owners who agree to list qualified historic homes on the local register to construct basements beyond their building footprints or to sell those additional subterranean development rights as transferable development rights (TDRs) to other residential property owners. Pease…
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