This definition appears somewhat frequently
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Samples in periodicals archive:
Allowing the District Improvement Bonus ("DIB") and landmark transferrable development rights to be used on the same project outside the Grand Central Sub-district.
One-time development-related revenues include payments in lieu of mortgage recording taxes (made as part of PILOT agreements), district improvement fund bonus payments (made in exchange for approval of greater density than base zoning allows), and proceeds from the sale of the transferrable development rights of the eastern railyards (up to $200 million plus interest).
Miller has more than 24 years experience selling development sites, hotels, residential conversions, commercial buildings, parking facilities, outdoor signage, transferrable development rights, 421-a tax certificates and inclusionary air rights.