How much is 22 years of exclusive hunting rights to a property worth to you?
To the city of Orlando, it’s worth approximately $400,000!
In a rather unique situation, Orlando Wetlands Park in Christmas, Florida was purchased by the city back in 1987. When the purchase went through, the city gave the family that owned it 50 years of hunting rights there.
But the increasing popularity of the park has caused them to re-think that decision. So they decided to try and buy the rights back.
The family’s hunting rights meant the park was closed for three months out of the year from November until February. But with the park increasing in popularity, officials decided they wanted it open to the public year-round. So they brought in an appraiser to put a price tag on the last 22 years of hunting rights.
The appraiser is the one who came up with the $400,000 price tag.
What do you think? Is $400,000 adequate compensation for 22 years of hunting rights? What would it take for you to give up hunting rights in the spot you hunt?