Trading growth potential

 

It has been noted that the transfer of development rights (TDR) has been sold by property owners on Biscayne Boulevard to developers in the downtown and Brickell area. This could lead to the end of development to this area before it begins. By allowing the sale of TDRs, it will effectively stop the existing property owners from developing their properties since they have "traded" away any growth potential they may have.

All one has to do is see what is happening in Bay Harbor Islands, where the council and developers are totally changing the plans for the Islands from a low- to medium-density environment to a high-density one through the use of TDRs.

This action flies in the face of the residents who voted against the increase in density of the islands, in fact in some cases more than doubling the amount allowed by the master development plan.

Paul Ruthfield, Bay Harbor Islands

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