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![]() 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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