Kluge farm sold, will remain
A private partnership has purchased Lone Oak, one of the Albemarle
County farms given to U.Va. by John W. Kluge.
$3.35 million sale includes four houses and three barns on the
1,392-acre working farm located just west of Scottsville and north
of the James River. The new owners plan to continue to farm the
property and intend to implement conservation easements.
purchase follows by four weeks the $5.3 million sale of five Kluge
farms to rock musician Dave Matthews, who also intends to preserve
the agricultural and forest land on his farms.
gave the U.Va.
Foundation his 7,378-acre Albemarle County holdings in May
2001. The gift, valued at more than $45 million, included historic
Morven Farm, 10 working farms and more than two dozen houses and
modernized farm buildings.
desire is for the University to develop the core of his property
the 749-acre historic Morven Farm for educational
purposes, and to sell remaining properties to build an endowment
to support the property.
this month, the University launched a long-term planning initiative
to determine how best to use Morven Farm to further the Universitys