105-Acre Mori Pt. Property (CA) Purchased Today by Trust for Public Land at Real Estate Auction
SAN FRANCISCO – At a real estate auction today at the San Francisco Airport Marriott, the Trust for Public Land (TPL) moved quickly to bid against developers to purchase the 105-acre Mori Point property in Pacifica as an eventual addition to the Golden Gate National Recreation Area. TPL’s successful bid of $3.3 million protects the property from future development threats. The minimum starting bid was $2.5 million–equal to the recent appraised market value of the property.
“TPL is very excited to purchase and protect the Mori Point property for the people of Pacifica and the rest of the Bay Area. We will now work with the National Park Service to see that this exceptional property, with its sweeping views and tremendous recreation opportunities, is protected forever for the public to enjoy,” says Tim Wirth, TPL Bay Area Project Manager.
At the request of the National Park Service (NPS), TPL acquired the property and will eventually convey it to the NPS as an addition to the Golden Gate National Recreation Area once public funding through the Land and Water Conservation Fund is available for the purchase. The property is a highly visible coastal headland located in Pacifica and the NPS’s top priority for acquisition on the San Mateo coast. Home to several threatened and endangered species including the San Francisco garter snake and the California red-legged frog, the property also has tremendous recreational value because it links the city of Pacifica’s beach promenade trail to the Sweeney Ridge National Recreation Area. TPL completed the Sweeney Ridge project in 1987.
TPL used funds from private donors, the Pacifica Land Trust, and its own capital to purchase the property today.
The Trust for Public Land is a national nonprofit land conservation organization that works to conserve land for people as parks, gardens, playgrounds, and wilderness. Founded in 1972, TPL has protected more than 1.2 million acres nationwide including nearly 20,000 acres in the Bay Area.