Meg Whitman's Big Colorado Land Buy
Filed under: Wealth
Meg Whitman may be busy running for governor in California but she found a little time to do some land buying in another state. The former CEO of eBay already owned Skyline Ranch near Telluride, Colorado (bought for around $20 million back in 2005). Now she has picked up land near Alta Lakes, an approximately 800-acre swath of undeveloped high country land earmarked for development. The Telluride Daily Planet says that the billionaire has no plans to develop the property. She bought it from Silver Mountain Industries which had planned to put a neighborhood of large and expensive houses on the land, angering nature enthusiasts who enjoy the beautiful untouched land. It's not known exactly how many acres were sold or how much Whitman and her husband, neurosurgeon Griffith Harsh IV paid for the land. Whitman has also previously donated money to help conserve land in the area. The rights to develop went with the sale of the land but given Whitman's record of conservation in the area it's likely this will stay virgin land. Now if only she'd bring spend some more of that money in California.
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