Access to the water will be increasingly challenging
Short Wave Sportfishing wrote:
It seems rather obvious and simple to me. Land Trusts have been in
operation for years where private property is held in the public trust
by non-profit organizations. There are also tax breaks afforded these
organizations which reduce or eliminate property taxes allowing for
public access. Locally here, one of the organizations I'm involved
in, the Windham Public Land Trust has purchased over 2,300 acres of
land including some on lakes providing open access to the public on
areas where there hasn't been before.
Who funds the "public trust" that buys waterfront property? Is the
capital assembled from private donations, or is it a line item in your
state budget?
Do I understand you to say that existing businesses and services
continue to operate after the trust takes over and the real estate
owners get a discounted, but tax free settlement?
Are the parties that sell to the trust exempt from Federal taxes, or
just state taxes?
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