"A proposed program would …make developers buy development rights for farms and forests; in return, developers would be able to build bigger buildings. If they buy the rights, that protects the farms and forestlands from development.
The draft requirement would be in addition to current rules requiring developers to support affordable housing and child care in the area if they want more space."
Well, there goes the “there are no new condos coming out of the ground” argument. It looks like we can expect 335 new units by the end of 2014, with 335 more to follow if the developer feels that demand will support the supply. This underscores one of the challenges with assuming supply/demand-based appreciation in in-city condominiums; when there are empty lots around, there is potential for more supply. http://www.djc.com/news/co/12041770.html