Dave Matthews buys five Kluge farms
Dave Matthews has purchased five of the Albemarle County farms
that John Kluge gave to the University
of Virginia Foundation last May.
$5.3 million sale, which was completed Monday, includes 1,261
contiguous acres south of Charlottesville. Working farms with
extensive pastureland, the properties are known as Spring Hill,
Church Hill, Maple Hill, Oakwood and Seven Pines. In addition
to homes and cottages, the properties include cattle and storage
barns, silos, equipment and grain sheds, and a feed complex.
Capshaw, Matthews manager, said Matthews plans to preserve
agriculture and forest land on the farms, with an emphasis on
organic farming, and that he intends to grant an open-space easement
on the farms.
proceeds of this initial sale will allow us to begin to build
an endowment , said Tim R. Rose, the foundations chief
executive officer. No University funds will be used for
the upkeep of the gift properties.