The California state Coastal Conservancy awarded $4 million Thursday to the Land Conservancy of San Luis Obispo County toward the purchase of 900 acres east of Pismo Beach for a preserve.
The grant follows a $1.1 million grant allocated by the county Board of Supervisors for the Pismo Preserve project. Property owner PB Coast View, a Delaware-based corporation, has set the purchase price at $10 million and an Aug. 1 deadline for the sale.
The Land Conservancy says it needs to raise $12 million for the purchase and to make site improvements.
The property’s rolling hills offer a sweeping view of the Pacific and the conservancy envisions a permanent open space with 10 miles of trails for hikers, cyclists and equestrians.
Land Conservancy officials said that in addition to seeking large grants from government agencies, they hope to raise $700,000 in small local donations and are half way to that goal.
“We are so honored by our community,” a conservancy news release said. “Each week we hear a different story about how a business or individual is so inspired by this project that they are compelled to do something to help raise money for Pismo Preserve.”