TDR Regional Marketplace Bill 2 SHB 1636- Passed in 2007!

The TDR Marketplace received overwhelming bipartisan support in the Legislature and was signed into law by Gov. Chris Gregoire at the Cascade Land Conservancy Conservation Awards Breakfast on May 15, 2007.  From September 2007 to December 2008, the Department of Community Trade and Economic Development is convening a group of stakeholders and government agencies to develop a program that:

• Supports and enhances the effectiveness of existing and emerging TDR programs
• Makes it easy for all counties and cities to adopt locally appropriate TDR programs
• Creates economically sound means for cities and counties to create TDR programs that can operate more broadly to address regional conservation and growth opportunities
• Provides the infrastructure resources cities need to participate in a TDR program
• Promotes efficient and fair transactions that meet needs of buyers, sellers and the public
• Directs CTED to manage the process according to specific criteria
• Asks the Puget Sound Regional Council to evaluate the proposal and give recommendations

This process may result in legislation that will increase the viability of the TDR concept.
Bill Information