Action Item 1.2.1.3: Town's financial participation in key center development

Explore the possible benefits and risks of the Town’s financial participation in the development of key centers, with the objectives of catalyzing desired development, increasing control over outcomes, and sharing the financial benefits. Financial participation could include the acquisition of developable parcels and/or the acquisition of development rights to be used in Transfer of Development Rights.
Priority: 
2nd Highest
Timing: 
Short-Term (complete by 2015)
Capital?: 
Yes
Planning?: 
Yes
Management?: 
Yes
Town Meeting?: 
Yes
Primary Inventory Element: 
Land Use
Other Inventory Elements: 
Open Space
Lead Owner: 
Selectmen<i> </i>
Other Owners: 
Economic Development Committee
Economic Development Officer
Finance Committee
Finance Department
Manager Department
Planning Board
Planning Department