ABSTRACT
Planning tools are utilised by contemporary cities to assist them in achieving sustainable and equitable outcomes. However, Sydney, Mumbai, Tokyo and over 320 other jurisdictions around the world (Pruetz 2014) supplement traditional planning implementation tools with transfer of development credits (TDC). TDC is a market-based form of zoning that allows additional growth in places where growth is desired and enables development that provides important public and community benefits at a separate location. These benefits may include the preservation of historic landmarks, farmland and environmentally significant areas. TDC can also be used to create parks, green infrastructure, affordable housing, performance venues and other community amenities. By improving urban livability and defining cities with permanently preserved greenbelts, TDC also promotes the compact development patterns essential to effective public transportation and efficient infrastructure systems.
