| St. Simons to get 600-acre nature preserve |
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By Rachel Tobin , Atlanta Journal Constitution
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895 days ago
Article ID# 813643
Original URL
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The Nature Conservancy
ATLANTA , GEORGIA (Atlanta Journal Constitution) - The Bobolink Foundation of Chicago plans to buy a 600-acre tract of land on St. Simons Island to make a nature preserve.
The parcel, known as Cannon's Point, is part of the vast holdings of the Sea Island Co. that were foreclosed on by Wells Fargo.
The bank is structuring the sale so that the foundation, whose trustees include former U.S. Treasury secretary Henry Paulson and his wife Wendy, can purchase the property in increments.
They plan to work with Pete Correll, the former chief executive Georgia Pacific, the St. Simons Land Trust, The Nature Conservancy and others to protect the peninsula as a public preserve.
The land has more than six miles of shoreline on the barrier island that is home to wildlife such as oysters, manatee and diamondback terrapin turtles.
"We are excited that Wells Fargo has given us an opportunity to pull together funding from many sources to save this valuable resource,” Correll said in a statement. “We have a long way to go but we are encouraged by the initial response from many willing to help."
Copyright 2013 Atlanta Journal Constitution
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Updated 895 days ago Article ID# 813643
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