As for the conservation buyer scheme, Ms Peavey insisted that it did not entail selling land to conservancy trustees and donors at a loss, because the development restrictions decreased the value. "You're giving up substantial rights to develop, in perpetuity - owners hundreds of years from now will still have to abide by those restrictions," she said. "So while it is true that the land was sold at a cheaper price, it was because it was worth less, by independent appraisals."
Why are they selling land at all?
38 posted on 05/30/2003 7:11:28 AM PDT by TonyWojo