Tennessee Conservation Easements: Preserving Open Space (while saving on taxes)
Much has been written in recent weeks regarding Nashville’s rapid economic growth and the increasing density within the city. During this growth, the city has made extensive efforts to improve and preserve its parks and open spaces. Without a doubt, Nashville’s rolling hills, open spaces, and other natural beauty has contributed to Nashville’s success. A recent article in The Hollywood Reporter cited Nashville’s proximity to “rural setting[s]” and “farmlands” as one of many reasons that Nashville has become so popular with celebrities. However, with growth and success in Nashville, one downside can be the loss of open spaces and natural beauty. To protect Middle Tennessee’s natural beauty, one increasingly popular tool is the conservation easement. A conservation easement is a legal means by which landowners can voluntarily restrict the use of a designated piece of land. Because conservation easements are freely negotiated between the landowner and the receiving agency or […]
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