| This article needs to be wikified. Please format this article according to the guidelines laid out at Wikipedia:Guide to layout. Please remove this template after wikifying. | Air rights are a type of development right in real estate. Generally speaking, owning or renting land or a building gives one the right to use and develop the empty space above the property. Those rights are air rights. Supposedly, this legal concept is based on an ancient Latin saying: Real estate is a legal term that encompasses land along with anything permanently affixed to the land, such as buildings. ...
Building is either the act of creating an object assembled from more than one element, or the object itself; see also construction. ...
Latin is an ancient Indo-European language originally spoken in the region around Rome called Latium. ...
"Cuius est solum, ejus est usque ad caelum et ad inferos." ("To whomever owns the land, shall own the earth to its center and up to the heavens.")
Airplanes and Air Rights Unlimited air rights existed when people began owning real estate. It was not something that anyone really concerned themselves with before the 20th Century. The first legal limits placed on air rights came about because of the airplane. Eventually, owners only had rights to air space that they could reasonably use. Obviously, someone could not own all of the sky above them because airplanes would be constantly trespassing. However, modern air rights often extend high enough that low-flying airplanes are still trespassing. And a low-flying, trespassing pilot who crashes into a building could be liable for the damage that he causes to the building. This is a particular problem near airports. Cities and airport authorities often purchase the air rights of property near an airport. This is called an avigation easement. Those must be some tall buildings! (19th century - 20th century - 21st century - more centuries) Decades: 1900s 1910s 1920s 1930s 1940s 1950s 1960s 1970s 1980s 1990s As a means of recording the passage of time, the 20th century was that century which lasted from 1901–2000 in the sense of the Gregorian calendar (1900–1999 in the...
Fixed-wing aircraft is a term used to refer to what are more commonly known as aeroplanes in Commonwealth English (excluding Canada) or airplanes in North American English. ...
In law, trespass can be: the criminal act of going into somebody else’s land or property without permission; it is also a civil law tort that may be a valid cause of action to seek judicial relief and possibly damages through a lawsuit. ...
Railroads and Air Rights Railroads were the first companies to realize the potential of making money from their air rights. A good example of this is Grand Central Terminal in New York City. At first, the railroad simply constructed a terminal on a platform over the tracks. This was simply an efficient use of space. (As opposed to wasting a lot of land adjacent to the tracks.) By the 1950s, the railroad began to realize it could sell its air rights and let other companies build buildings on platforms over the tracks. This is how the PanAm Building (now MetLife Building) came to be built next to Grand Central Terminal. This is the top-level page of WikiProject trains Rail tracks Rail transport refers to the land transport of passengers and goods along railways or railroads. ...
Grand Central Terminal, along 42nd Street, next to the Grand Hyatt New York and the Chrysler Building Grand Central Terminal (often still called Grand Central Station, although technically that is the name of the nearby post office and New York City Subway station on the IRT Lexington Avenue Line) is...
The construction of the Empire State Building, 1930. ...
MetLife Building as seen from the Empire State Building, 2005. ...
Building on platforms over railroad tracks is still potentially very profitable, especially in New York. Recently the Metropolitan Transit Authority attempted to sell air rights to the New York Jets so that they could build a stadium over railyards near Penn Station. (Part of the Hudson Yards Redevelopment Project.) The MTA has even proposed building a platform themselves to encourage development. The Metropolitan Transportation Authority (MTA) is a public benefit corporation responsible for public transportation in the State of New York. ...
City East Rutherford, New Jersey Team Colors Green and White Head Coach Herman Edwards Fight song {{{song}}} Mascot {{{mascot}}} League/Conference affiliations American Football League (1960-1969) Eastern Division (1960-1969) National Football League (1970-present) American Football Conference (1970-present) AFC East (1970-present) Team history New York Titans...
Montreals Olympic Stadium The Athens Olympic Stadium Most stadiums are open-air, such as this football (soccer) stadium in the Netherlands. ...
For the Pennsylvania Station in Newark, New Jersey or Baltimore, Maryland, see Pennsylvania Station (Newark) or Pennsylvania Station (Baltimore). ...
A New York City and [[Metropolitan Transit Authority (New York)|Metropolitan Transit Authority idea to encourage business development on Manhattans far West Side. ...
Roads and Air Rights Similar to the railroads, builders of highways have proposed selling their air rights. Boston is currently doing this in connection with the Big Dig. A highway is a major road within a city, or linking several cities together. ...
Boston is a town and small port c. ...
The Big Dig is the unofficial name of the Central Artery/Tunnel Project (CA/T), a massive undertaking to route the Central Artery (Interstate 93), the chief controlled-access highway through the heart of Boston, Massachusetts, into a tunnel under the city, replacing a previous elevated roadway. ...
Transfer of Development Rights (TDR) Many communities utilize the air rights concept to encourage the preservation of historic buildings. Historic preservation is the theory and practice of creatively maintaining the historic built environment and controlling the landscape component of which it is an integral part. ...
EXAMPLE: A historic building is surrounded by skyscrapers. The building is only three stories high, but each building in the area has the right to thirty-five stories of airspace. The community doesn't want the historic building to be destroyed. The owners of the historic building could make a lot of money by selling their building and allowing a thirty-five story office building to be built in its place. But if they sell their air rights to someone developing an office building nearby they can make a lot of money without demolishing the historic building. And the person who purchases their air rights can now build a sixty-seven story office building.
In November 2005, Christ Church in New York sold their air rights for a record $430 per square foot. They made more than $30 million on the sale. Eastern Michigan University (EMU) is a comprehensive, co-educational public university located in Ypsilanti, Michigan. ...
The Ohio State University The Ohio State University is currently the third largest university in the United States and ranked by US News as the best public university in Ohio and the twenty-first best public university in the nation. ...
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- New York Times article about the Christ Church sale
Other Development Rights - Subsurface Rights - rights to oil or minerals under property
- Riparian Rights - rights to river water in front of property
- Littoral Rights - rights to ocean and beach in front of property
Related Topics An easement is the right of use over the real property of another. ...
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