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<br />Purchase of Development Rights, CDFS-1263-98 <br /> <br />Page I of5 <br /> <br /> <br />. <br /> <br />F""":!:!2:C!' ..t,Chl .(2" .,e. .t;, <br />Ji ~.i"-;,;,;,""~::;,~~; J j 'w_::::.:<::~; '!',;:~~::;:.;:"" <br /> <br />r"~'.."'~~--'-'_'_"'M_'" <br />I Extension <br /> <br />Ohio State University Fact Sheet <br /> <br />DEP ARTMENTCommunity Development <br /> <br />700 Ackerman Road, Columbus, OH 43202-1578 <br /> <br />Purchase of Development Rights <br /> <br />CDFS-1263-98 <br /> <br />Land Use Series <br /> <br />Joe Daubenmire <br />Thomas W. Blaine <br /> <br />Background <br /> <br />The loss offaxmland and open space throughout the country has become a very important issue in recent <br />years. As more and more land becomes developed, an increasing number of tools have been created to <br />preserve the land that remains. One of the tools that has captured the imagination of planners, elected <br />officials, and others is the purchase of development rights (PDR). Currently 18 states have active PDR <br />programs. The purpose of this fact sheet is to describe this program. <br /> <br />WhatisPDR? <br /> <br />We may consider the ownership of land to be the possession of a "bundle of rights" associated with that <br />land. These rights include the right to possess, use, modify, develop, lease, or sell the land. Mineral <br />rights constitute one of the items in the bundle with which most people are aware. If the mineral rights <br />have been separated from the remaining items in the bundle, the owner is prohibited from drilling for oil <br />or from mining the land. The right to develop a piece of land for residential, commercial, or industrial <br />purposes is also a right within the bundle. The purchase of development rights involves the sale of that <br />right while leaving all the remaining rights as before. <br /> <br />PDR is a voluntary program, where a land trust (see OSU Extension Fact Sheet CDFS 1262-98, Land <br />Trusts) or some other agency usually linked to local government, makes an offer to a landowner to buy <br />the development rights on the parcel. The landowner is free to turn down the offer, or to try to negotiate <br />a higher price. Once an agreement is made, a permanent deed restriction is placed on the property which <br />restricts the type of activities that may take place on the land in perpetuity. In this way, a legally binding <br /> <br />http:// ohio line. osu. edu/ cd- fact/I 263 .html <br /> <br />11/2/2004 <br />