Selling Belltown Airspace Could Save Shorty's Pinball Bar

Comments

1
No Air Rights devalues the land. I I owned the Shorty's property and wanted to sell. I'd want maximum value. There's no way whoever owns that is selling the air above.
2
In general, air-rights-transfers are bad policy, because ultimately what will happen is that those air rights get repealed. In 30 years no is going to care that the short 2-story building in the middle of high-rise district sold the air rights - they'll be a more pressing need for more density.

So essentially it's just a free subsidy to those who want to build shorter buildings.
2
What does this even mean? How much "airspace" does a property owner have? And how can "selling" it override height restrictions to neighboring properties?

I also wonder if the urgency for preserving Belltown's fancifully-decorated pinball bar will diminish now that there's a giant new fancifully-decorated pinball bar just one block up 2nd avenue.
3
@2 generally, yes. The airspace refers to the zoning max for a district; and it can be exceeded by purchasing unused air rights from other properties, under various rules.
4
Whoever owns that land wants to sell to a developer for millions, they won't sell the air rights. plain and simple.Who cares about saving Shorty's. You want to save it? Buy the land. Maybe it's already sold/