Let me see if I have this straight: The Nature Conservancy and the Big
Sur Land Trust pay $38 million for 9,898 acres of prime mountain land
near Big Sur (Los Angeles Times, May 10). The cost per acre is
$3,839.16. Some of this land has some of the most breathtaking views of
the Pacific Ocean that California has to offer.
The “land baron” Gregg family has approximately 238 acres of
undeveloped land, none of which has ocean views. At the same cost per
acre as the Nature Conservancy paid for prime land near Big Sur, those
238 acres are worth $913,682, total.
I think this is the defining value for the Greggs’ land. This should
close the argument on how much anyone should pay for those 238 acres of
Responses will be greatly appreciated.