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
to broaden the potential interim uses
for the defunct plant while company officials finalize long-term plans for the 54-acre site.