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New law reins in NJ developers.


Gov. James James, person in the Bible
James, in the Gospel of St. Luke, kinsman of St. Jude. The original does not specify the relationship.
James, rivers, United States
James.
 E. McGreevey has signed legislation that allows municipalities across New Jersey to target growth to designated areas using Transfer of Development Rights.

TDR TDR - time domain reflectometer  allows towns to accommodate growth while preserving open space and farmland in a manner that is fair and equitable equitable adj. 1) just, based on fairness and not legal technicalities. 2) refers to positive remedies (orders to do something, not money damages) employed by the courts to solve disputes or give relief. (See: equity)


EQUITABLE.
 for all landowners.

TDR allows a town to transfer the development potential in an environmentally sensitive area An Environmentally Sensitive Area (ESA) is a type of designation for an agricultural area which needs special protection because of its landscape, wildlife or historical value.  where growth is restricted, to a separate receiving area where roads, utilities and other infrastructure already exists and is appropriate for growth. Farmland and open space is preserved and growth is targeted to areas where it makes sense.

Through the program, developers purchase development rights to build in a "receiving area"--or area that is targeted for growth, and those funds are used to permanently preserve land in the sending area.
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Article Details
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Title Annotation:New Jersey
Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:1U2NJ
Date:Apr 7, 2004
Words:132
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