The Trouble with TDRs
Legal Planet: Environmental Law and Policy 2013-01-07
Summary:
What went wrong with TDRs? But first, you might ask, what are TDRs? TDRs — more formally, transferable development rights — were the first form of environmental trading system to be used in the United States. For instance, the Supreme Court decided a the Penn Central case, which involved TDRs over a decade before Congress created the [...]