Density Opportunity Bank (D.O.B.)TM

Density Opportunity Bank (D.O.B.)™ is a service provided by Kosmont Companies that enables a City / County to create a “density bank” which can allocate density (or increase in maximum building height, reduction in parking requirement, reduced setback requirement, etc.) to a specific project and/or geographic area through zoning (e.g., Specific Plan, Overlay, other) as a trade-off for community benefits provided/paid for by private investment. Projects meeting the City / County and community’s objectives may receive D.O.B. allocations in exchange for implementing identified priority public improvements (e.g., infrastructure, parks, public facilities, other), and/or a contribution payment pursuant to an approved Development Agreement or equivalent documentation.

The use of zoning incentives / density allocation / allowance through a D.O.B. primarily benefits a developer / investor instead of unilaterally rewarding passive property owners based on a Specific Plan / General Plan allocation:

Enables additional density to be assigned to and utilized by the investor / developer based on a proposed project who can apply to the D.O.B. bank for an allocation of pre-approved density
Additional density is awarded to projects that provide contributions toward and/or or implement infrastructure and / or community amenities, from a pre-approved list of D.O.B. amenity / infrastructure projects (or as negotiated)
Enhances the targeted objectives of a Specific Plan because it manages the amount and allocation of additional density on a project or site-specific basis
D.O.B. can be used for all project types: Hotel, Retail, Office, Blended-Use, Residential

Achieves community support because additional density is allocated in conjunction with community benefits. The community can work collaboratively with constituents, landowners and/or developers to establish a D.O.B. list of public improvements and amenities.

Kosmont Companies can help you determine if your City / County should be using D.O.B. as an economic development program, and / or has an area that would be enhanced by its utilization.