Purchase of Canyon OKd, but With ‘Poison Pill’
The Los Angeles City Council voted 12 to 2 Tuesday to approve an estimated $10-million-plus deal to buy Fryman Canyon for a park, but the elation of environmental activists was quickly dampened when a state official said the plan contains a “poison pill provision” that threatens the deal.
Julie Zeidner, press secretary for the Santa Monica Mountains Conservancy, said the council-approved deal is possibly illegal and could require the state parks agency to pay $61,150 more than previously agreed to Fryman Canyon owner Fred Sahadi.
“The conservancy can’t accept these terms,” Zeidner said. The conservancy and the city would jointly put up money to buy the 63-acre parcel.
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