Deal Could Save 722 Acres of Open Space
More than 2 square miles of open, undeveloped land on tony Palos Verdes Peninsula would remain forever so under a tentative $30-million deal struck between the property owners, Rancho Palos Verdes officials, and the peninsula’s land conservancy.
The Wednesday deal, which City Manager Les Evans on Thursday called “very preliminary,” would add 722 acres of privately-owned property to 600 acres of public land. The additional acreage would be replanted with native species such as sage and nature and hiking trails would be created along the rolling hillsides and steep canyons that offer views of the Pacific and Catalina Island.
“We have $4 million,” half of what remains of the city’s portion of a 1996 County Park Bonds measure, Evans said. “The other $26 million we’ll have to find someplace.”
The Palos Verdes Peninsula Land Conservancy has pledged a $6-million private fund-raising effort to help, Evans said.
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