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Transfer of Development Rights (TDR)

Celebration of First TDR Transaction in Tacoma, July 11, 2016

Join us for the excitement of the "History in the Making" celebration of the first TDR transaction in Tacoma.

 

Time: Monday, July 11, 2016, 11:00 a.m. - 12:00 noon

Location: 102 N. G Street, Tacoma, WA 98403


This transaction represents the preservation of 20 of the 120-acre prime farmland preserved in perpetuity in Pierce County (Reise Farm) and the increase of 21 units to be added to the Stadium Apartments project in Tacoma.


For more information, please view the invitation postcard below:

  • City Council Adoption

    The City Council adopted 3 important legislations in September 2012 to implement the Transfer of Development Rights (TDR) Program in Tacoma, as posted below:
    Ordinance No. 28087 - September 25, 2012
    TDR Administrative Code

    Resolution No. 38536 - September 18, 2012
    TDR Interlocal Agreement with Pierce County

    Resolution No. 38539 - September 18, 2012
    adopting by reference WAC provisions allowing TDR transactions from King and Snohomish counties to City

    Scope of Work

    See the summary presented in the contract posted below.  The City received a $109,000 grant from the Federal Environmental Protection Agency for the project.

    Tacoma TDR Grant Contract 

     

    Project Timeline

    2011 - 2012  

    What is TDR?

    Transfer of development rights (TDR) is a market-based tool for helping implement a jurisdiction's growth policies.  Through individual transactions, development rights are transferred from privately owned farmland, forestland, and natural areas (known as sending sites) to areas that can accommodate additional growth (known as receiving sites).  Landowners in sending areas receive compensation for giving up their right to develop, while developers in receiving areas pay for the right to develop at greater densities or heights than would otherwise be allowed.  
    Tacoma TDR Program Market Study Report - August 17, 2012
    Tacoma TDR Program Appendices
    Tacoma TDR Program Analysis
    What is TDR
    Market Analysis for Regional TDR in Central Puget Sound 
    A Resource Guide to Designing TDR Programs in Washington State 
    Department of Commerce - TDR Homepage 
    Pierce County TDR Ordinance No. 2007-91s

    What is Residual Land Value?

    Residual Land Value is the capital available to acquire a development site after accounting for anticipated developments costs, net operating incomes and returns on investment.  For more information, please review the document below:

    About Residual Land Value

    Staff Contact

    Ian Munce
    City of Tacoma
    (253) 573-2478
    email