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.
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.
He is submitting a further report on possible
interim uses.
