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.
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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.”