NEWS: Boulder Proproses Rewarding Small

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(Image credit: Apartment Therapy)

Small Pays! In an effort to curb “McMansions” and “Garage Mahals” in Boulder County, Colorado, the County Commissioners are proposing a new system of development rights. We understand that it is similar to “air rights” in Manhattan — while some smaller buildings can sign a contract to stay small, others wishing to grow can purchase the rights from an established market. By signing away future development rights on their property, the owners of smaller homes would receive one-time payments and lower their annual property tax assessment. Check out the full article from Time Magazine

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