Transfer of Development Rights (TDR) Is a Complex System, Which

question 7

Essay

Transfer of Development Rights (TDR) is a complex system, which often makes it difficult for local governments to implement and for landowners to understand and accept. Describe failures that occurred in Collier, Florida in the early 80's, and what actions would have made the TDR successful.

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Definitions:

Net Operating Income

A measure of a company's profitability calculated by subtracting operating expenses from operating revenues, excluding non-operating income and expenses.

Variable Costing

An accounting method that includes only variable production costs (direct materials, direct labor, and variable manufacturing overhead) in product costs.

Unit Product Cost

The total cost incurred to produce, market, and distribute a single unit of a product.

Variable Costing

This is an accounting method that only includes variable costs—costs that change with production volume—in the calculation of product cost.