A billionaire hedge-fund manager on Friday pledged to protect 90,000 acres of his Colorado ranch from further development as part of a much larger planned conservation area. The Obama administration said it would be the “largest single conservation easement” ever provided to the federal government.
The easement, which would include tax benefits for New York-based Louis Bacon, provides “the foundation for the proposed new Sangre de Cristo Conservation Area,” the Interior Department announced.
Should the conservation area happen, Bacon said Friday, “I will place approximately 90,000 currently unprotected acres of the Blanca portion of Trinchera Ranch into a conservation easement.” Read more….