Land trust buys farm near Corvallis for $3.5M
CORVALLIS, Ore. (AP) -- A nonprofit land trust has bought a 587-acre farm near Corvallis that's a favorite destination of local hikers, runners, equestrians and mountain bikers.
The Corvallis Gazette-Times reports (http://bit.ly/1dkFwFV) that state and federal agencies put up much of the nearly $3.5 million for Greenbelt Land Trust to buy the Bald Hill Farm.
The largest chunk, about $1.7 million, came from the Bonneville Power Administration in its program to mitigate the impact of dam and power line construction.
The former owner, Andrew Martin, is a longtime supporter of Greenbelt and a trails advocate who knocked $500,000 off the appraised price as a donation.
Conservation easements aim to preserve the property for sustainable agriculture, habitat conservation, trails and education. It is to remain on the tax rolls.