[leps-talk] Re:Glassberg

[Paul Cherubini]

Hank wrote:

> "They" [NABA] need $500,000 to get the $500,000 matching 
> funds to obtain the property.

So Hank if NABA raised the $500,000 would it end up with 
full title to a $1,000,000 piece of property?  

21 years ago the Audubon Society used public donations to buy a 
little 1/4 acre piece of property here along the California coast for
a below market price of $10,000. The property was the home 
of an overwintering site of monarch butterflies.
Later in the 1980's the butterflies moved to other trees about
a quarter of a mile away. So the property was no longer a
major butterfly habitat. Meanwhile the market value of the 
property soared to over $100,000. 

Paul Cherubini

 
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