Who can buy development rights from the TDR bank?
Development rights purchased from the TDR bank can only be used on receiving sites in urban unincorporated King County or in urban incorporated cities. An interlocal agreement must be in place between King County and a city before TDR Bank development rights may be transferred to a development project within the city. The sending site source of the development rights must also meet any additional criteria specified in the particular interlocal agreement before the rights may be applied to a development project. For example, a particular interlocal agreement may specify that the city will only accept development rights that originated from the agricultural production district. Therefore, not all of the development rights in the bank would be suitable for a project in that city.
