By Lloyd Dixon
The Western Riverside County a number of Species Habitat Conservation Plan mitigates improvement results on 146 plant and animal species by means of setting up a 500,000-acre conservation reserve. This monograph examines land-acquisition options and prices, profit adequacy and capability new investment resources, the plan's habitat-conservation ambitions, and no matter if the plan has streamlined transportation and improvement allowing approaches.
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Extra info for Balancing Environment and Development Amid Rapid Urban Growth: Costs, Revenues, and Benefits of the Western ...
The ﬁfth column lists the total acres for parcels in each land-use category, while the last column provides an estimate for the average price per acre in each land-use category. The last row in the table aggregates the results across all land uses. We estimate that the 35,526 acres so far acquired by RCA were worth approximately $321 million as of mid-2007. Open-space parcels are, by far, the least valuable on a per-acre basis, followed by agricultural parcels. Single-family and multifamily residential parcels, on the other hand, are much more valuable on a per-acre basis.
3 The statistical models are used to estimate both the value of land already assembled by RCA (the subject of this chapter) and the cost of acquiring the remaining land needed to complete the reserve (the subject of the next chapter). Because the majority of parcels that RCA has acquired so far and is expected to ultimately purchase fall in 3 Single-family homes on individual lots (including manufactured homes on individual lots) have been categorized as SFH. MFH includes condominiums, apartment buildings, duplexes, triplexes, and mobile-home parks.
Stakeholders on the MSHCP Advisory Committee determined, however, that the conservation plan’s beneﬁts would accrue broadly—not only to existing and future communities in western Riverside County but also to the citizens of California and the United States as a whole. For this reason, responsibility for funding the MSHCP has been divided among federal, state, and local jurisdictions along with private development interests. Of the 500,000 acres to be assembled, a large portion was already in public ownership when the take permit was issued.