Department of Planning and Development May 4, 2011 v10
Exhibit B: Transfer of unused development potential from a sending site to a receiving site
While a TDP program requires receiving areas that allow development to exceed the establishedlimits on height or density, the potential impacts associated with the increase in developmentcapacity on the receiving site are, in theory, offset by the reduction in development capacity onthe sending site. This redistribution of density maintains a balance in the overall intensity of development permitted within the larger area, and arguably does not result in any new or greaterenvironmental impacts related to development density, particularly if the sending and receivingsites are either in the same area or in areas that are close to each other.
TDP Proposal for Pike/Pine1. Background on Transfer of Development Potential in Pike/Pine
The Pike/Pine Phase I effort included a preliminary assessment of a transfer of developmentrights (TDR)
program. In September 2008, the City hired a consultant to examine the viabilityof a TDR program that would allow lots in Pike/Pine to transfer unused development rights toDowntown receiving sites. The consultant’s report concluded that forecasted commercialdevelopment downtown would not generate sufficient demand for TDR to support a successfulprogram. There is already significant supply of potential TDR from existing downtown sendingsites (which include designated landmark structures, low-income housing structures, contributingbuildings in historic districts, and public open space). The consultant found that competitionbetween TDR from sending sites in Pike/Pine and downtown could adversely affect the successof both programs. The consultant’s report, Pike/Pine Conservation Study: Phase 2, is available atDPD’s website at:http://www.seattle.gov/dpd/Planning/PikePineConservationOverlayDistrict/RelatedDocuments/
e City distinguishes between
development rights transferred from a site (TDR)and
development rights transferred from a site (TDP).