Urgent.News

What's breaking now, across thousands of outlets.

Business

Clint Eastwood’s $3.08M California land deal

In 1995, Clint Eastwood sold approximately 280 acres of his Malpaso Creek property in Carmel, California to Monterey County for $3.08 million. This significant land deal was not simply a donation from a celebrity, but rather a transaction that included a conservation easement to protect the land as open space. The county purchased the land using public funds, including those related to California’s Proposition 70, which funds the acquisition and protection of open space.

By 1995, Eastwood had been buying property in the area since the late 1960s, with his holdings reportedly growing to around 650 acres. The Malpaso property, spread around Highway 1 and the Big Sur coast, comprised five parcels and was situated in a landscape of steep terrain, coastal habitats, and Monterey pine forests - a stark contrast to heavily developed parts of California.

Written by urgent.news from The Economic Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Read the original at economictimes.indiatimes.com →

More in Business

High Performers, Take a Breath

Executives spend years learning strategy, finance, and leadership, but a growing body of research suggests we should also learn how to regulate ourselves.

Lean Teams Can Drive More Profitable Growth

Inc. 5000 honoree Natasha Miller explains how painful pandemic layoffs pushed her to build around a smaller core team, trusted freelancers, and a more flexible model that made the company more…

More from Wednesday 2 September →