Weng Chao, Zhuang Yu

Keywords： FAR Bank; Urban Renewal; Operation Mode; Comparative Analysis; Urban Design; Public Policy; Transfer of Development Rights; High Density Urban Development

Abstract：

FAR banks were originally created to counter some of the difficulties posed by the use of Transfer of Development Rights （TDR） technique. In the urban renewal process, FAR banks fill the timing gap of the market, act as a clearing house and information platform, and help a lot with TDR transactions. Study on the operation mode of FAR bank in United States provides references for China in exploring the incentive zoning method in urban renewal programs. Through the study of definition, function and development history of FAR bank, by using comparative analysis of FAR bank in both New York City and Seattle, this paper tries to sort out the operation mode and application result of FAR bank in different urban scales. While Seattle FAR bank deals with urban renewal program on the cityscale, FAR bank in New York City tries to tackle the issue in the district context, especially in Special South Street Seaport District. Both of them make a great contribution to the historic assets preservation and public facility construction, at the same time, they promotee urban renewal process by introducing new stimulating interests to the city.

Funds：

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