I believe the District should designate a few safe viewsheds, where heights cannot be raised. Then, it should auction off a set number of height allowances each year. Auctions should boost the revenue take, and a set number of annual allowances would prevent wholesale redevelopment of areas with tight supply.It might even be a good idea to set it up so that a healthy share of the revenue would accrue directly to the local Advisory Neighborhood Councils so as to give them some incentive to encourage development rather than adopting their usual posture of obstructionism.
This article available online at:
http://www.theatlantic.com/politics/archive/2008/03/getting-taller/45529/
