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• y~ <br />STRATEGIC GROWTH AND RURAL CONSERVATION PROGRAM <br />Draft (10.1.2007) ` <br />one-step special review process for TDR applications is conducted to {ocate a <br />developable "envelope" on the target property, and to ensure all conditions are met. • <br />The Pitkin County program does an outstanding job of tracking the TDR program's <br />progress on a monthly basis, and uses the following benchmarks in an annual report <br />and assessment to the County Commissioners: <br />(1) adequate market /transactions; <br />(2) sufficient incentives to create activity in the program; <br />(3) are there smooth /efficient provisions in the regulations and process; and <br />(4) monthly updates are provided on TDR Certificates Issues; credits extinguished; <br />and acres conserved are recorded. <br />Issues: The major issue in Pitkin County and the TDR program is the frantic pressure to <br />develop, particularly to develop very large (in excess of 5,000 square feet) homes. This <br />pressure has driven the price of a TDR credit to over $300,000. The credit is then used to <br />simply add another 2,500 square feet of floor space onto a home, new or existing. The <br />situation has created "instant millionaires", and has brought into question the transfer <br />credit ratio. However, the TDR program is not blamed for influencing home prices, <br />which are seen to be subject to larger economic forces. <br />Performance: <br />Years TDR Program in Effect: 11 <br />Number of TDR Credits Applied: 70 <br />Acres Conserved: 5,358 <br />Greenville County, South Carolina. In 1982 Greenville Patricia Webb, subdivision <br />created a TDR program in response to the high demand Administrator <br />for residential development near Paris Mountain, a scenic Planning Department <br />area in close proximity to downtown. Greenville's (864) 467-7270 <br />downtown has staged a renaissance in the past decade, pwebb@areenvillecountv.ora <br />and now contains over three million square feet of office <br />space, numerous cultural amenities, and more than 60 restaurants3. TDR was originally <br />created to protect the traffic-carrying capacity of Altamont Road, an approach that <br />determined the amount of development permissible in the Sending Areas to maintain <br />an acceptable level-of-service on the road, and to compensate landowners who saw <br />their land get down-zoned. Eleven principles help shape the TDR program goals, <br />including that each zoning district has its own method for allocating development <br />rights. There are no incentives for the program to succeed. <br />Notable Features: Tying the amount of development back to a specific carrying <br />capacity of a piece of public infrastructure (Altamont Road) is novel. The program <br />attempts to compensate landowners who have their properties' potential <br />development reduced, as well as compensating landowners that have land that is <br />• <br />3 Greenville, SC, USA. 2007 City of Greenville, South Carolina. 29 August 2007. www. ry eatergreenville.com/ <br />development/dtn map.aso. <br />Orange County, North Carolina <br />