The Free Lance-Star, which has persistently reported that Civil War Preservation Trust is buying 140 acres from Tricord got it right. I said, based on CWPT's statements and press release, that the deal is for an easement on 140 acres, not for its purchase. I got it wrong.
Of particular inteest see here:
Under the deal reached with preservationists, Tricord would cluster 294 homes for senior citizens on about 87 acres and sell the remaining 140 acres to the Preservation Trust for $3 million, according to [Tricord's] Jones and [CWPT's] Campi. - Washington Post.
And to underline the point that this is a land sale, we see this new, desparate plea at Central Virginia Battlefield Trust:
Fundraising is now underway to pay for the 140 acres of hallowed ground recently saved on the Day One Chancellorsville battlefield. CVBT has pledged $250,000 as our part in meeting the $3 million purchase price, with $125,000 to be delivered by December 15, 2004, and the rest by March 31, 2005.
I am personally researching additional deal details and will publish a revised deal analysis this week. In the meantime, let me thank the Free Lance-Star for their accurate coverage of this matter and apologize for projecting my own faulty analysis on their reporters.