Search
 

Preservation Groups Finalize Big Sur Purchase

BIG SUR, CA-Had the Trust for Public Land and the U.S. Forest Service not purchased the 1,255-acre Brazil Ranch in Big Sur, the property would have been split up and sold for residential development.

By Michelle Savage | Updated on September 25, 2002

BIG SUR, CA-The nonprofit Trust for Public Land and the U.S. Forest Service have acquired the final 325 acres of the historic 1,255-acre Brazil Ranch. It will now become part of the Los Padres National Forest.

Also known as the Bixby Ocean Ranch and located 13 miles south of Carmel, Brazil Ranch was set to be split into nine separate properties and sold for residential development. Reed Holderman, state executive director of the trust, credits the California Coastal Conservancy, Wildlife Conservation Board, and the federal Land and Water Conservation Fund with making donations toward the purchase.

A low-interest loan from the David and Lucile Packard Foundation along with a $2.5 million gift from an anonymous donor also played a big part in the acquisition, he says.Holderman named state Sen. Bruce McPherson, R-Santa Cruz, and state Assemblyman Fred Keeley, D-Boulder Creek, in particular, because the two legislators co-authored a request for $5 million for the purchase.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.