October 13, 2007
Public Lands
As Logging Fades, Rich Carve Up Open Land in West
By KIRK JOHNSON
WHITEFISH, Mont. — William P. Foley II pointed to the mountain. Owns it, mostly. A timber company began logging in view of his front yard a few years back. He thought they were cutting too much, so he bought the land.
Mr. Foley belongs to a new wave of investors and landowners across the West who are snapping up open spaces as private playgrounds on the borders of national parks and national forests. In style and temperament, this new money differs greatly from the Western land barons of old — the timber magnates, copper kings and cattlemen who created the extraction-based economy that dominated the region for a century.
Mr. Foley, 62, standing by his private pond, his horses grazing in the distance, proudly calls himself a conservationist who wants Montana to stay as wild as possible. That does not mean no development and no profit. Mr. Foley, the chairman of a major title insurance company, Fidelity National Financial, based in Florida, also owns a chain of Montana restaurants, a ski resort and a huge cattle ranch on which he is building homes...
The rise of a new landed gentry in the West is partly another expression of gilded age economics in America; the super-wealthy elite wades ashore where it will. With the timber industry in steep decline, recreation is pushing aside logging as the biggest undertaking in the national forests and grasslands, making nearby private tracts more desirable — and valuable, in a sort of ratchet effect — to people who enjoy outdoor activities and ample elbow room and who have the means to take title to what they want... In many places, the new owners are throwing up no trespassing signs and fences, blocking what generations of residents across the West have taken for granted — open and beckoning access into the woods to fish, hunt and camp.
http://www.nytimes.com/2007/10/13/us/13timber.html