What will happen to the lands in Georgia, Florida and Virginia after the options to acquire the lands or conservation easements expire?
The situation is unique to each state: In Virginia, The Nature Conservancy will acquire the Big Woods tract. For the remaining properties, the Conservancy retains a 50-year right of first negotiation. If during that time funding is not available and the Conservancy does not opt to acquire the properties, Conservation Forestry and Forest Investment Associates will continue to own the land unencumbered. In Georgia, the Conservancy will acquire fee title to approximately 4,095 acres, a conservation easement interest in approximately 4,300 acres, and retain an option to acquire a conservation easement that covers the most ecologically-significant portions of the remainder of the total property. If funding is not available and the Conservancy does not exercise its option, Conservation Forestry and Forest Investment Associates will own the land unencumbered. In Florida – on the 11,528-acres GCPEP property – if the Conservancy does not exercise its 5-year option to acquire the entire parcel,
Related Questions
- What is the policy for forestry and agricultural lands under conservation easements; i.e. can a landowner still harvest the timber, and what farming practices would be acceptable?
- What will happen to the lands in Georgia, Florida and Virginia after the options to acquire the lands or conservation easements expire?
- Who can hold Conservation Easements in Georgia?
