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Home / Verdicts & Settlements / Conservation easement yields tax credit – $10.6M Settlement (access required)

Conservation easement yields tax credit – $10.6M Settlement (access required)

Landowner planned and had re­ceived most of the governmental approvals for a regional mixed-use residential development on 800 acres on the Northern Neck. Instead of im­plementing the plan, landowner conveyed a parcel to James Mad­ison University for educational programs and granted a con­servation ease­ment on the re­mainder to North Atlantic Land Trust, a nonprof­it organization, to ...