Incentive Zoning: Definition, Benefits, and Examples
Incentive zoning refers to a planning strategy that incentivizes developers to provide certain public benefits or amenities in exchange for additional development rights or other concessions from the city or municipality. The goal is to encourage developers to contribute to the public good and enhance the livability of the community while also allowing for more development in desirable locations. Examples of public benefits that can be incentivized through this zoning strategy include affordable housing, public parks, community centers, or transportation infrastructure.
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