alt Hacker News>There is a tax loophole where you buy a lot of land and donate 90% of it to the government to be "public parkland". However, in actuality, you're the only person who has convenient access to this land
While I'm sure that's happened once or twice and serves as great fodder to get people of a certain ideological bent riled up, for the most part nobody is giving government land that's worth a shit. They're doing it to land that's effectively unusable due to regulation. Like if you own a strip that's a many acre 30ft wide along a steep river bank plus some space for a house (the lot layout could be the result of an old railroad or industrial thing) you gain literally nothing being on the hook for all that and you can't use it. That sort of thing is the typical case in which these sorts of things are invoked. It's more of a "well if you jerks care so much about what I do with it you can have it" type deal than a tax dodge.
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There is actually a ton of this.
There is a huge Bay Area... not sure what to call it - public/private charity? - called the Peninsula Open Space Land Trust, that has a huge amount of donated land in the Silicon Valley, and is a very popular charity with very deep pockets that can buy land to basically turn into parkland.
They have over $300 million in assets and own over 97,000 acres, and have partnerships with quasi-governmental agencys like the Mid-Peninsula Regional Open Space District to administer those lands as parkland.
The idea that noone is doing this is bullshit, and the idea that it is only done as a tax break is also bullshit.
This organization is a leading reason why living in the Bay Area is valuable and isn't complete urban sprawl. I wouldn't be willing to pay Bay Area prices if not for the existance of the land preserved through organizations like this.
It's actually a pretty common thing: https://www.propublica.org/article/conservation-easements-th...
It even sprouted a cottage industry of REITs selling investors a product built around it, syndicated conservation easements: https://www.propublica.org/article/syndicated-conservation-e...