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Bothell planners briefed on pairing transfer-development rights with county tax-increment funds
Summary
City staff and Eco Northwest presented a feasibility study on pairing transfer-development rights (TDR) with the Landscape Conservation and Local Infrastructure Program (LCIP). The briefing covered program basics, Bothell’s regional allocation (365 credits), estimated market pricing and next steps to analyze study areas.
City of Bothell planning commissioners were briefed March 18 on a feasibility study exploring whether the city should pair a transfer-development-rights program with Washington’s Landscape Conservation and Local Infrastructure Program, a county tax-increment tool that can help pay for infrastructure in receiving areas.
Planner Jaclyn Samson opened the study session and introduced Morgan Shook, director at Eco Northwest, who led the technical briefing. Shook summarized TDR as “at its essence, it’s exactly what it says. We are trying to take a development entitlement in one place and transfer it to another,” and explained that LCIP can supply incremental county property-tax revenue to pay for infrastructure tied to that growth.
Shook told commissioners that the Puget Sound Regional Council allocates a numeric growth entitlement to eligible cities; Bothell’s allocation was discussed as 365…
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