Air Space Development | ||
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Air Space Development was formed in early 2004 to establish creative partnerships for investment. These partnerships enable Sustainable Monterey Bay, a community development and planning group, to secure airspaces for ecovillage planning and construction. |
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What are airspaces?When people own land they own three things, the mineral rights, the land rights and the air rights. The land owner is able to sell off any of the three rights. This enables developers to purchase just the air rights, with the original use of the land remaining the same. Many developers use air spaces for their projects, especially in dense areas such as New York City. |
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Property Owners Receive Huge Benefits By Taking Part in Air Space Development ProjectsProperty owners transfer the air space rights to our preferred non-profit and will legally get a large tax deduction for the market rate of the approved homesites in the project. This is a substantial tax benefit from an asset that few property owners thought would have any value. The owner also gets an affordable ecohome unit of their choice for a child or relative to own and use. Sites owned by municipalities are usually donated to affordable housing groups without the need of a tax deduction or housing unit. Innovative Transit ecoVillage sustainable communities along the existing railway system as a showcase for ecologically integrated cluster development will not be hard to sell. With no land cost, the units can be sold for $200,000 or less, often with no down payment or sweat equity exchanges. Sustainable food and energy programs will lower living costs for residents and each community will focus on work at home ideal careers, livework programs with supportive neighbors. |
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Rooftop gardens create more livable communities.The picture on the left shows rooftop gardens in Monte Carlo, Europe. Rooftops are used throughout Europe as an extension on one's living space and offers outdoor areas in urban locations. |