The report presents a planning strategy for protecting Waterford, an historic community located in Loudoun County, Virginia. The Waterford Historic District, including the village and surrounding farmland, was designated a National Historic Landmark in 1970. In 1986, the National Park Service determined that Waterford was threatened by proposed new construction on an historic farm almost directly in the center of the Landmark. The report identifies alternative development strategies that would protect the historic integrity of the village landscape. These strategies were intended to be used in negotiations with local landowners, as negotiated but voluntary land conservation strategies.