The Hearst family is interested in selling most of the 18 California coastal miles of land the family has held since 1865.
"If you never realized how much the Hearsts hold, you're excused... Thwarted for years in their efforts to develop housing or a resort on parts of the ranch, the Hearsts now want to sell most of these 18 coastal miles some 1,121 ocean-adjacent acres to a conservancy that would then pass the land to the state... The proposed sale price is $80 million plus $15 million in tax credits, which the Hearsts expect a pending appraisal to show is far below the land's value on the open market."
Thanks to Chris Steins
Read the full story: It's not our land -- so let's grab it
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