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Experts brief council on transfer of development rights, urging careful design and market calibration
Summary
Consultants Skip Swenson and Morgan Shook explained how TDR programs convert development potential on rural properties into tradable credits sold to developers in receiving areas, stressing that program design, market studies and clear exchange rates are essential for success.
Skip Swenson and Morgan Shook opened a March 18 Clark County council work session with a primer on transfer of development rights (TDRs), telling council members that TDRs are a voluntary, market‑based tool to move development potential from rural sending sites to higher‑capacity receiving sites.
Swenson, who said he has worked on TDR policy and program design for two decades, told the council, “TDR is a tool from moving the potential development on one property to another, and creating the mechanisms and the markets that allow us to do that.” He emphasized that the mechanics — allocation rates, exchange rates and incentives — determine whether a program succeeds or fails.
Morgan Shook,…
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