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One preservation tool is to purchase development rights from farmers.
When taxpayers purchase development rights from farmers to prevent new home construction, they pay once and they're done.
There are also schemes to purchase development rights from farmers and ranchers who want to stay in agriculture.
In 1998, in an effort to stave off development, the state began a farmland preservation program to purchase development rights from farmers.
Mr. Simone is completing construction of 14 luxury residences built on speculation at Stone Manors at Purchase, a project that sold out in fewer than 18 months, as well as several houses in another Purchase development.
Funds authorized by a county environmental-bond issue "would be used not only to acquire additional open space, but to purchase development rights and for matching grants to help communities disconnect unauthorized sewer hookups that so pollute our precious waters," Mrs. Keane said.
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Local authorities do not usually allow private investors to purchase developments set aside as affordable housing.
The state purchased development rights to 90,000 of those acres in 2010.
The five PES schemes are: (1) fee-simple acquisition, (2) subsidies, (3) tradable development rights with zoning, (4) mitigation banking, and (5) purchased development rights easements.
"Crossrail has already triggered land purchases, development activity and price growth along its route but plenty of opportunities and gains still remain", says JLL Residential in a 2015 report (pdf).
Suffolk has preserved 8,638 acres of farms since 1977 by purchasing development rights, said Carrie Meek Gallagher, the Suffolk County commissioner for environment and energy, who oversees the county departments that identify parcels for preservation and acquire them.
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