Boone Hall announces conservation easement to further protect property

VIDEO: Boone Hall announces conservation easement to further protect property

CHARLESTON, S.C. (WCSC) - Lowcountry Land Trust, the McRae Family as well as state and local leaders to announce a conservation easement which will help further protect the land at Boone Hall Plantation.

A conservation easement involves a legal agreement between a landowner and a government agency that permanently limits uses of the land to protect it.

The property will remain in the McRae family.

The value of the property before the easement was approximately $35 million and approximately $7 million after, a loss of approximately $28 million. The landowner is also compensated for a small percentage of the lost value of the land because of the easement.

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