The New California Gold Rush

How land speculators are exploiting a loophole in state law to "make millions at taxpayers expense."

1 minute read

October 12, 2001, 6:00 AM PDT

By Abhijeet Chavan @http://twitter.com/legalaidtech

"The furious growth spurt of recent years spawned a new California Gold Rush.But this time the gold isn't hidden in the hills; it is the very hills themselves that are at risk. Land speculators have seized upon a loophole in state law that allows them to make millions at taxpayers' expense, or parcel out the state's greatest places to the highest private bidder."

Thanks to Abhijeet Chavan

FULL STORY: A coast lost, piece by piece

Tuesday, October 9, 2001 in The San Francisco Chronicle

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