Louisville KY Land Trust Gains 97 acres

Posted by Jonathan Karlen on Friday, September 2nd, 2011 at 2:22pm.

louisville landThe Louisville KY newspaper, The Courier-Journal reported a story regarding how a Louisville KY land trust called Louisville and Jefferson County Environmental Trust has gained 97 acres that have been donated through a conservation easement.  Donation to the conversation trust prevents the properties from being developed into subdivisions and the like – while allowing the owners of the property to retain ownership, and pass the real estate on to their heirs, or even sell the property.

The 97 acres is comprised of 3 tracts that are as follows:

40 acres of Prospect KY real estate that are currently owned by Laura Lee Brown (heir to the Brown-Forman fortune) and Steve Wilson’s Dogwood Hill and are located along the 2 branches of Goose Creek.

37 acres of Fisherville KY real estate that is currently owned by Frances Aprile called Littledove Farm.  She was encouraged by her daughter Emma to place the Louisville farm into the conversation easement.  An additional benefit of the act, will most likely include lower property taxes as well as inheritance taxes for Emma.

The remaining real estate that was donated as part of these conservation easments is wetlands located by the Renaissance Zone industrial park near the Louisville International Airport just south of the main proper city limits of Louisville.

These 97 acres bring the total amount of real estate controlled by the trust to approximately 343 acres in the Louisville and Jefferson County KY city limits.

The Trust acts as a quasi-public entity and its administration is overseen by various individuals and agencies which include the Metro Parks, Metropolitan Sewer District, as well as the Louisville planning & design services & public works agencies.

The preservation of green space within the community helps preserve the long term charm and character of the area.  Development pressures continue to mount against persons that own large tracts of property within Louisville.  Property values continue to increase, and by giving the property to a conservation easement, it helps ease some of those pressures that property owners may be feeling about going ahead and selling to real estate developers.

Be the first to comment on this blog entry!

Leave a Comment