Transferencia de potencialidad de desarrollo

In 1988, the government of Mexico City (at the time, Federal District) implemented the transfer of development rights to finance the restoration of the historic center. Owners of protected properties in the historic center were authorized to place development rights for sale, to be purchased by those interested in building beyond the limit allowed in certain areas. In a clear, pedagogical format, this Spanish-language report presents a critical vision of this pioneering experience in the country and region, including the instrument itself, the context around its application, the land value increments that resulted, and its successes and failures.