Conservation Groups Buying Up Land While the Getting Is Good
Decatur Metro | December 31, 2009 | 2:52 pmLooking back on it, few should be surprised that preservation efforts, both historic and environmental, were so aggressive prior to 2008. The construction industry, which single-handedly does more to alter the natural and urban landscape than any other entity, was building at an artificially fast pace, boosted by demand that really wasn’t there.
So it should also be no surprise that in a post-boom era, conservation groups are making up for lost time, buying up land for a fraction of the price it once demanded.
From the New York Times…
The victories [for conservation groups] reveal a green lining of sorts in a credit crisis that has depressed real estate prices, spawned foreclosures and derailed development projects across the nation.
The purchases by conservationists and state and local governments assure that thousands of acres will be put aside in perpetuity for parks, watershed protection or simply preservation of open space.
“We are getting a second bite at properties that never should have been developed in the first place,” said Will Rogers, president of the Trust for Public Land, a national nonprofit group that buys land for preservation. “We are working on dozens of these deals across the country, and I know other land trusts are as well.”