TDR Could Save Thousands of Highland Acres

October 18 - A report released today revealed that a well-designed program to allow developers to pay for the rights to build at greater densities than ordinarily allowed could help pay to save tens of thousands of acres of open space in the New Jersey Highlands region. According to the report, a transfer of development rights (TDR) market-based program could generate from $250 million to well more than $1 billion over a multi-year period to invest in open space with little or no public investment.

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