Sign In | Create an Account | Welcome, . My Account | Logout | Home RSS
 
 
 

Nature Conservancy, A&B Agreement Creates State’s Largest Private Nature Preserve

May 29, 2014
Maui Weekly

The Nature Conservancy and East Maui Irrigation Company Limited (EMI), a subsidiary of Alexander & Baldwin Inc., have closed an historic agreement that will create the largest private nature reserve in Hawai'i, nearly doubling the size of the conservancy's Waikamoi Preserve. The A&B land shares a seven-mile boundary with the Nature Conservancy's 5,230-acre Waikamoi Preserve. Together, the two properties will result in nearly 9,000 acres of protected rainforest.

EMI granted to The Nature Conservancy a conservation easement giving it management control of the land. The site covers 3,721 acres of undeveloped rainforest above Makawao, at elevations from 3,600 to 9,500 feet above sea level. The conservation easement was valued at $190,000.

The U.S. Fish and Wildlife Service Recovery Land Acquisition Program, through the state Department of Land and Natural Resources, funded up to 75 percent of the acquisition costs. A&B provided the Conservancy the easement at a discounted price of $142,500, donating the required 25 percent in matching private funds, or $47,500 worth of value.

Article Photos

Nature Conservancy, A&B Agreement Creates State’s Largest Private Nature Preserve

 
 
 

 

I am looking for:
in:
News, Blogs & Events Web