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City consultants recommend certifying and selling public TDR in large assemblies to fund preservation
Summary
A market study of San Francisco's Transferable Development Rights program recommended certifying TDR from city‑owned buildings prioritized in the capital plan, authorizing the Department of Real Estate to transfer them, setting a minimum price (recommended $25/sf) and reviewing the program every five years.
A Planning Department‑commissioned market analysis of San Francisco’s Transferable Development Rights (TDR) program presented to the Historic Preservation Commission urged the city to consider certifying and selling TDRs from publicly owned properties to meet private sector demand and raise revenue for preservation projects.
Marie Munson of Seifull/Bridal Consulting told commissioners, "The number of TDR that has been certified is 5,300,000," and that about 2,700,000 square feet of that total have been used on 34 development projects. The consultants estimated roughly…
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