Zoning can be used in many ways by owners, investors and developers to add value to their properties. First, as we have previously discussed, there are discretionary approvals available through the Uniform Land Use Review Procedure (ULURP). One type of discretionary approval through ULURP is a rezoning, which would change the property’s zoning district designation. A rezoning could increase the amount of buildable square footage a property is allowed, and/or change the allowed use altogether, for example, from commercial or industrial to residential.
LINKS
Click the media link below to download a PDF of "How Zoning Adds Value," co-authored by Daniel G. Egers and Edward C. Wallace, published in amNY.