Abstract
The objective of this paper is to find useful implications for effective ways to increase the number of Transferable Development Rights which is expected to conserve farmlands and natural areas in the U.S. After examining the relevant ordinances and other official documents by the 5 municipalities in Pinelands, New Jersey and in North Kingstown, Rhode Island, we found several negative factors which might discourage TDR transactions as follows: 1) the limited number of municipalities which can deal with each other, 2) small-sclae receiving areas, 3) prohibition of residential use in a sending area which allows residential use before the TDR transaction, and 4) additional condiotons to receive bonus floors in a receiving area.
