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Denny Triangle Developers to Benefit from TDR

SEATTLE-King County preserves the 443-acre Ames Lake Forest near Carnation through its transfer of development rights program. The rights have been banked for resale to landowners inside the city's Denny Triangle neighborhood.

By Gina Binole | Updated on July 25, 2002

SEATTLE-Taller buildings could be built in the Denny Triangle neighborhood as a result of a land preservation deal near Carnation.

King County has set aside the 443-acre Ames Lake Forest through the county’s transfer of development rights program. King County acquired all the development rights on the property and a permanent conservation easement with $2.8 million in dedicated funding.

The development rights are being held in the TDR Bank for resale to landowners inside Seattle’s Denny Triangle neighborhood or the urban area. Under the terms of the transaction, the land will remain in forestry forever and be operated by the landowner Port Blakely.

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