interim use

interim use

A use for property until it can be put to its highest and best use.Land that is not quite ready for development because of insufficient population densities may be used as a sales lot for manufactured housing,for example.An empty freestanding department or discount store might be used as a flea market.

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Acknowledgment of timing as a factor recognizes the possibility that the maximally productive use of a property may not be currently financially feasible and until such time, an interim use of the property is appropriate.
In an interim use situation, the principle of consistent use requires that, when the overall property value is established, an increase in the land value must be offset by a corresponding decrease in the value of other components.
This implies that the future highest and best use would be relatively superior to (or more intense than) the interim use.
The hearing reinforced our belief," said an Eldridge spokesperson, "that the notice of closing should be sent and the city and MTA should agree on an interim use for the existing building, improve the physical condition of the Circle and take the next 15 years to plan for a long-term use.
In the meantime an application is currently being considered for interim uses which include a multi-use games area and outdoor public space.
County staff members have since been "making an inventory" of the property and its bridges and trestles, as well as devising possible interim uses for the corridor, Modrell says.
Comprised of South Park stakeholders, urban developers and public officials, the group will meet monthly going forward and aims to facilitate a robust dialogue about current and proposed projects in the pipeline; collaborate and share ideas with respect to green space and streetscape enhancements; and discuss street activation and interim uses of vacant properties - all in the spirit of cultivating a neighborhood identity that is cohesive and vibrant.
A land-use plan drawn up by Dowl HKM for the State Transportation Department divides the property into sections based on immediate aeronautical uses and interim uses for areas that won't be feasible for aviation for the next 20 years.
We are aggressively seeking maritime businesses to use our shipping terminal and adjacent waterfront properties for interim uses that will bring us yet more jobs.
Any interim uses in the Marine Trades Area must fold into the master plan for the entire Waterfront District, Bennett said.
Peter Arlt distinguishes between long-term, strategic planning for urban space and tactical planning for interim uses of space.
to broaden the potential interim uses for the defunct plant while company officials finalize long-term plans for the 54-acre site.
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