"It's a historic day for us," Will Haynie, executive director of the Lowcountry Open Land Trust, tells GlobeSt.com. "Every one of our previously donated 57,000 acres is just as important, but we've never had one easement of this size or conservation magnitude because of its proximity to Francis Beidler Forest, which is a globally important bird area [by the American Bird Conservancy and National Audubon Society]."

By granting Lowcountry the easement, Norfolk Southern has ensured that the property will never be developed upon. Haynie says the gesture is significant from a quality of life standpoint, considering the land is located in one of the fastest-growing suburban areas in the country. The land will never be a part of that suburban use, he says.

The designation is significant because Brosnan Forest contains more than 6,000 acres of a longleaf pine tree ecosystem that supports more than 30 threatened or endangered plant and animal species, including 79 groups of the red-cockaded woodpecker. The forest has been a part of the Safe Harbor program through the South Carolina Department of Natural Resources for the past nine years in order to protect the habitat.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
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.