Sempervirens Fund to buy Panorama Ridge
Sempervirens Fund is purchasing Panorama Ridge, a critically important
40-acre parcel adjoining Castle Rock State Park. The Santa Cruz
mountains land preservation group has secured the purchase of the
$700,000 parcel with a down payment of $200,000 from its Opportunity
Fund. The Panorama Ridge fundraising campaign aims to complete the
purchase by year-end so the property can be conveyed to Castle Rock
Views from the ridge-top parcel are spectacular, encompassing a
full sweep of vistas from Monterey Bay to the south, the Big Basin
parklands to the west, across the Pescadero watershed to the north,
and all the way to the Pacific horizon. In the creative purchase
deal, Sempervirens Fund worked with the seller to create a life-tenancy
agreement allowing the seller to continue living in the existing
house on a 5-acre portion of the property that will remain off-limits
to park visitors.
"Today we are a giant step closer to opening a hiking and
riding trail to connect the Skyline entrance of Castle Rock State
Park with trails that will encircle the entire 5,000-acre park."
observed Brian Steen, Sempervirens Fund Executive Director.
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