News from June 2012
June 28, 2012
So what’s a TDC anyhow?
Traditionally, municipalities have relied on zoning to achieve land use objectives. Transfer of Development Credits (TDC) programs support zoning by allowing landowners in areas designated for conservation to sell credits to developers in areas targeted for growth.
Landowners receive the financial benefit of development for their conserved land while growth is accommodated in target areas. Since TDC programs are completely voluntary, their success depends on ensuring that the price for credits is high enough to make it worthwhile for landowners in the sending areas to forgo development while at the same time ensuring that developers are willing to pay for development.
Putting TDCs to work
Along with land-use zoning, a TDC program encourages development in desirable areas while formally protecting land important for agriculture or environmental services. Landowners in areas designated for conservation sell credits to developers in areas targeted for growth. Brian’s presentation describes TDC principles, the five main steps of TDC approach and anticipated outcomes.
Recently, at the 49th Alberta Soil Science Workshop, Brian Ilnicki, Executive Director of Land Stewardship Centre, provided an overview of the work the Beaver Hills Initiative and its partners are doing east of Edmonton to assess and evaluate the potential for TDCs to be used in land use and conservation planning.