Thomas Jefferson

Local News
3:19 pm
Thu February 6, 2014

Virginia's Natural Bridge Bought by Conservation Group

Natural Bridge
Credit Frederic Edwin Chruch / creative commons

RICHMOND, Va. (AP) - Virginia's Natural Bridge has been sold by its private owner to a conservation group and is destined to become part of the state park system.

Under a deal sealed Thursday, Washington, D.C., real estate developer Angelo A. Puglisi sold the naturally formed, 90-foot-long limestone bridge and 1,500 surrounding acres for $8.6 million. He tossed in the bridge, valued at $21 million, and will receive tax credits in exchange.

The deal is a fraction of the attraction's estimated $40 million value.

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