Land Use & Zoning

In South Carolina, a 'development agreement' between a developer and local government typically:

AProhibits all residential development in commercial zones
BVests the developer's right to proceed under current zoning in exchange for specified public benefits✓ Correct
CAllows unlimited development density
DTransfers zoning authority to the developer

Explanation

Development agreements provide certainty for developers by locking in current zoning requirements for a defined period in exchange for providing public benefits (infrastructure, affordable housing, etc.). They help large or long-term projects proceed with regulatory certainty.

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