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.

  • Corporate Authors:

    American Bar Association

    750 N. Lake Shore Drive
    Chicago, IL  USA  60611
  • Authors:
    • Pedowitz, J M
  • Publication Date: 1974-6

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Filing Info

  • Accession Number: 00057735
  • Record Type: Publication
  • Files: TRIS
  • Created Date: Nov 6 2003 12:00AM