Quote:
Originally Posted by ardecila
^ Yeah I'm not sure how the state can "confer" FAR onto a private owner, it may need to be done like some of the big projects in NYC where they create a state-owned "Prairie State Development Corporation" to formally be the developer, with a turnover to the private partner after construction.
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You can apply for zoning changes on property you don't own with the consent of the current owner. The buyer will enter into a contract for sale with the state that has a zoning contingency. Once the city approves zoning satisfactory to the buyer, then the sale will close.