By Lloyd Dixon
The Western Riverside County a number of Species Habitat Conservation Plan mitigates improvement results on 146 plant and animal species by way of setting up a 500,000-acre conservation reserve. This monograph examines land-acquisition thoughts and prices, profit adequacy and capability new investment resources, the plan's habitat-conservation objectives, and even if the plan has streamlined transportation and improvement allowing tactics.
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Additional info for Balancing Environment and Development Amid Rapid Urban Growth: Costs, Revenues, and Benefits of the Western ...
From the perspective of the overall cost of assembling the reserve, the much lower cost of open space is good, as the vast majority of RCA’s acquisitions to date fall into this category. 0 18 Balancing Environment and Development As shown in the conﬁdence-interval column, we have estimated that the total value of all parcels as of mid-2007 likely falls between $288 million to $369 million (with a conﬁdence level of 95 percent). This range corresponds to a diﬀerence of as much as 10 percent below or 15 percent above our point estimate of $321 million.
In the context of this chapter, the term reserve (or reserve assembly) refers to the additional 153,000 acres that RCA must assemble (including parcels that RCA has already acquired and parcels yet to be assembled— either through direct purchases or through developer transfers as part of the real estate–approval process), which, in turn, will complement the existing 350,000 acres of public land in western Riverside County to provide an overall conservation area of approximately 500,000 acres. The MSHCP agreement allows ﬂexibility in the reserve’s design, and, accordingly, we examine several scenarios for the types and locations of parcels that will be assembled to complete the reserve.
The cost of the land needed for the reserve is the largest component of the overall cost of the plan, but costs of administering the plan and operating the reserve are also considerable. In Chapter Five, we forecast RCA’s future expenditures on habitat management, biological monitoring, and MSHCP implementation and oversight. These implementation and administrative costs are combined with projected land-acquisition costs to give an estimate of the overall cost of plan. Chapters Two through Five address the plan’s costs.