Limited Development
- In the context of land conservation methods, in a limited development project, a land trust acquires a piece of property and opens a portion of the property to development in order to help finance the original acquisition and the permanent protection of the remainder of the property. The conservation organization may simply subdivide the property into two parcels and sell one to a developer who will further subdivide, or the organization may take a more active role in the development of the property. Limited development can be complex, time-consuming, controversial and financially risky. A land trust must be very cautious, well informed, and have good access to variety of experts in the real estate and development fields before taking on such a project.
- Less than maximum development of a parcel for the purpose of enabling conservation of remaining portions of the parcel. [source: Glossary of Conservation Terms, Ridge and Valley Conservancy, Inc., http://www.rvclandtrust.org]
