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Luke Sanchez
Luke Sanchez

Buy 300 Acres Of Land

A Massachusetts developer, proposing to build two warehouses and two manufacturing centers, purchased from Pratt & Whitney 300 acres of land in East Hartford for $78.5 million, the Hartford Business Journal reported.

buy 300 acres of land

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The documents hold clues to a landscape that no longer exists: the natural state of the 300 acres of farmland The Land Conservancy of McHenry County just purchased with the intention of restoring it to its pre-settlement condition.

Properties come up for sale all the time in McHenry County. What made these 300 acres, known as the Thompson Road Farm, so special and worth pursuing by the conservancy was their location at the headwaters of Boone Creek, one of the highest quality streams in Illinois, Haderlein said.

The tiny nonprofit owns just 650 acres. (It helps protect another 2,000 acres of private land through conservation easements.) Increasing its portfolio by 50% would be a heavy lift, but one it was willing to attempt, particularly once the conservancy found a willing partner in the village of Bull Valley, said Haderlein.

Drainage tiles and pipes underlie roughly one-third of Illinois cropland, and half of all farmland in Indiana and Ohio. This subsurface network siphons water from the soil, lowering the water table and making it not only easier to farm the land, but more productive.

The 300 acres are within an opportunity zone allowing tax benefits for the property owner, which would be partially offset through the state beginning in 2026, Walsh said. After five years, Walsh said, the town can expect about $4.5 million a year in taxes from the National Development site.

National Development used Rentschler 300 Land LLC for the East Hartford purchase. In a series of deeds also dated Jan. 3, the limited liability company divided the 300 acres among four other National Development-affiliated limited liability companies.

Bill Gates' purchase of a large patch of land in North Dakota has sparked fury and conspiracy theories on social media after the Microsoft billionaire secured legal approval to purchase the 2,100 acres of farmland in the state last week.

Charlie Kirk, founder and president of Turning Point USA, a conservative student movement, tweeted: "Bill Gates just bought 2,100 acres of farmland in North Dakota, adding to the 270,000 acres he inexplicably owns throughout the US. China also just bought 300 acres there, adding to the 192,000 acres of US Soil in their portfolio ...and no one seems to care. Why do we allow this?"

Kirk is referring to Fufeng Group, a bio-fermentation manufacturer based in Shandong, China, who said last fall that it would be buying some 300 acres of farmland in North Forks, North Dakota farmland.

The Conservative Tree House, a blog that has regularly reported on unfounded conspiracy theories, questioned why "an entrenched climate change ideologue who wants to change food production" would be purchasing more than a quarter of a million acres of farmland.

Nearly 300 acres of restored wetlands and endangered species habitat near Lincoln will be permanently conserved with the Placer County Board of Supervisors yesterday approving a purchase and sale agreement for $2,354,711 to buy a conservation easement over the land.

The property, owned by Westervelt Ecological Services, represents a unique opportunity to preserve a piece of land that has multiple benefits for open space preservation, floodwater detention and habitat and agricultural conservation. The property holds approximately 50 acres of restored wetlands, riparian areas and vernal pools, including portions of Markham Ravine.

Funding for the project is offset by public and private project mitigation fees collected through the Western Placer County In-Lieu Fee Program and supports the proposed Placer County Conservation Program. The in-lieu fee program allows a project proponent to mitigate its impacts on endangered species and wetlands through the payment of a fee in lieu of implementing the mitigation activity on their own.

The PCCP is a progressive and proactive strategy for identifying where development should occur in western Placer County while preserving important natural and agricultural resources. If approved, it would streamline the federal, state and local permitting process. The PCCP would also ensure up to 47,000 acres of permanent land conservation in Placer County.

The initiation of the sale is the latest step in a yearslong controversy that has plagued the UT System since it purchased the land in 2015 for $215 million. A task force tapped by the system pitched developing the land into a data analytics institute that would transform the energy industry, health care delivery and education systems. Some regents argued that the development was part of a broader vision to expand the UT system, rather than sticking to its mission of supporting its academic and health institutions.

By 2017, Chancellor William McRaven called off the development after opposition mounted from UT regents and lawmakers, who objected to the process by which UT obtained the land. Gov. Greg Abbott also opposed the land purchase.

After McRaven scrapped the development, regents put together a task force to decide how the system would unload the land it purchased. The RFQ was prepared at the direction of the task force, which is chaired by Houstonian Jeffery Hildebrand.

The Massachusetts developer planning a massive logistics center and tech park development at East Hartford's Rentschler Field recently bought 300 acres there for $78.47 million.East Hartford Mayor Michael Walsh said he expects National Development to build throughout this year and then gain occupancy permits for its first buildings in early 2024. Plans call for two logistics warehouses of up to a combined 2.5 million square feet, plus two smaller research and development buildings.

The 300 acres lay within an opportunity zone, coming with tax benefits, which will be partially offset through state payments in lieu of taxes beginning in 2026, Walsh said. After five years, Walsh said, the town can expect about $4.5 million in yearly taxes from the National Development site.

The land will remain in agricultural production while the port begins site planning. It will gradually be converted to industrial use as new businesses move in. The port expects full buildout to take up to 20 years.

The site won't be home to a new university, system officials have said, but will be a research and study site for its 14 existing universities and medical schools. The system eventually hopes to own more than 300 acres in southwest Houston but will need to buy other tracts before the site is complete.

The nonprofit organization based in the Cleveland suburb of Moreland Hills was awarded a $2,093,500 grant from the Clean Ohio Green Space Conservation Program to acquire the land and to support any future developments.

There are 2.5 miles of streams and a cascading, shale-based waterfall on the property. About 277 acres of the land will be permanent reserve and two five-acre areas will be possibly used for future recreational space, according to the Western Reserve Land Conservancy.

The Western Reserve Land Conservancy says it has permanently preserved more than 750 properties totaling more than 56,000 acres, worked with municipalities to create more than 170 public parks and preserves, and led the efforts to create 55 county land banks across Ohio.

The executive session finally ended around 11:20 a.m. Boeing representatives said their proposal was one \"that we've been working on for many months.\" The plan includes Boeing's purchase of320 acres of land around the Charleston International Airport, with the right of first refusal for an additional 488 acres. Airport officials said Boeing would have the right to that land.

Sunshine returns just in time for some big events this upcoming weekend! We'll stay a little cool, but mainly clear overnight with lows in the middle 40s inland to near 50 along the coast. Thursday will feature abundant sunshine with highs in the lower 70s. High pressure will slide offshore Friday allowing a few clouds to return and temperatures to warm to around 80. It's looking good for the Bridge Run on Saturday morning with temperatures in the 60s. Showers and thunderstorms will hold off until the afternoon, so highs will warm into the low to mid 80s. The rest of the weekend is looking good with plenty of sunshine and highs in the middle 70s. It's a big weekend with the Cooper River Bridge Run, Credit One Charleston Open, Flowertown Festival and The Lowcountry Strawberry Festival. Get out and enjoy all the festivities! It looks like the chance for a few showers will return on Tuesday as a warm front lifts north into the area. 041b061a72


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