TRANSFERS OF AIR RIGHTS AND DEVELOPMENT RIGHTS
One of the most fertile areas for future air space development is over railroad rights of way and railroad yards. Frequently these properties are located in choice downtown locations or along rivers and other scenic locations that would lend themselves to development above the tracks. In many cases the railroad does not own a fee title, but has only an easement and use of the air space would not normally be consistent with the easement. Regulatory agencies may also be involved. The author discusses the entire problem of transfer of air rights, noting that care, foresight, meticulous attention to detail and application of imaginative real property title standards can not only avoid disaster, but should provide benefits and profits to the participants.
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Corporate Authors:
American Bar Association
750 N. Lake Shore Drive
Chicago, IL United States 60611 -
Authors:
- Pedowitz, J M
- Publication Date: 1974-6
Media Info
- Pagination: p. 183-201
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Serial:
- Real Property, Probate and Trust Journal
- Volume: 9
- Issue Number: 2
- Publisher: American Bar Association
Subject/Index Terms
- TRT Terms: Assets; Economics; Investments; Legal factors
- Uncontrolled Terms: Air rights
- Old TRIS Terms: Property investment
- Subject Areas: Economics; Finance; Law; Railroads;
Filing Info
- Accession Number: 00057735
- Record Type: Publication
- Files: TRIS
- Created Date: Nov 6 2003 12:00AM