2 Jun 2009, 11:38pm
by admin

TNC Given $9 Million to Buy Land in NorCal

Nine million taxpayers dollars are to be handed over to The Nature Conservancy to buy land north of Lake Tahoe. TNC will keep the land.

Reclamation Announces Decision on Independence Lake Land Acquisition

Bureau of Reclamation News Release, June 2, 2009, [here]

The Bureau of Reclamation has signed a Finding of No Significant Impact (FONSI) for the Environmental Assessment (EA) on the impacts of Reclamation’s action to provide Federal funding to The Nature Conservancy (TNC) for acquisition of land around Independence Lake, located north of Truckee, California. In addition to acquisition dollars, funding will be provided for administrative management and to continue the existing fishery research and monitoring.

Public Law 110-161 directs Reclamation to provide $9 million in funding for acquisition of the land and protection of both the native fishery and the water quality of Independence Lake. TNC is exploring potential land management activities for future implementation, including forest management to minimize wildfire hazards, and public recreation management. Once the acquisition is completed, future management of the land will be decided and implemented by TNC as called for in the Public Law.

TNC also enjoyed over a billion dollars in income last year, including $100 million in government grants. They hold over $5.6 billion in assets, principally real property.

Hank Paulson, Sec of the Teasury who engineered the collapse of the US and world financial markets is a former President and CEO of TNC. Current President and CEO is Mark Tercek, formerly a managing director of Goldman Sachs, (as was Paulson).



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