Conservationists secure rest of Franklin Canyon
Richard Procter, San Francisco Chronicle, August 14, 2009
The Muir Heritage Land Trust signed an amended agreement this month that adds 60 acres to the 423 acres of Franklin Canyon the group purchased last year. Franklin Canyon, located in Hercules, has been the target of development projects on several occasions because of the terrain's flat and building-friendly nature.
The land trust had been in continuous negotiation with the property owners, a consortium of investors, since the initial agreement was signed last year. The continued negotiations were a result of the extreme desirability of the final 60 acres, which had been identified as the most easy-to-develop part of the property.
The final acreage was purchased for $830,000. The group will have until June to raise $2.6 million to complete the transaction.
Read the complete story here: http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2009/08/14/BAES1985AV.DTL&type=green
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