Quote:
Originally Posted by timun
Oxford's 'gift' of the land to the Y came with the trade-off from the City that the other nearby parcels were allowed increased floor area ratios over the baseline zoning. It was in effect a density transfer, not "air rights".
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That is what "air rights" are though. The biggest market for them in is in New York City, where developers can sell some of their available FAR to adjacent landowners so they can build larger.
It's just another way of saying the same thing.