Landowners bank against sprawl
| July 30, 2007 |  View for printing |
Trella Dickerson, 70, is something of a celebrity here: She's the first person in Georgia to sell development rights to her property — only to guarantee that it won't be developed.
Now she's trying to persuade others to make similar deals as part of a years-long effort to preserve the last major green space in sprawling metropolitan Atlanta.
Last September, Dickerson sold to a conservancy land bank the development rights to part of the 17 acres she and her ex-husband bought in 1988.
Any developer that later buys Dickerson's development rights from the land bank actually will be pledging not to develop her property. In return, the developer would be permitted to construct houses elsewhere in the community.
By Larry Copeland, USA TODAY
Full Story: http://www.usatoday.com/news/nation/ ... prawl_N.htm
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