ecorazzi.com :: the latest in green gossip

October 7th 2008

Comedian Dick Cavett’s Long Island Property May Become A Nature Preserve

Filed under: business — michael @ 1:36 pm

Comedian Dick Cavett shares the honor with the late Johnny Carson of being the only talk program host to be seen on a regular basis on United States TV over five consecutive decades. The 71-year-old also made a wise investment back in 1973 on Long Island of 76.8 acres — including 1,000 feet of oceanfront and towering 60-foot-high bluffs — for $540,000.

Today, the land could be sold for a cool $30 million — but Cavett appears interested in selling to a buyer that will preserve the pristine nature of the area. It was recently announced that New York State, Suffolk County and East Hampton are moving ahead with plans to purchase the property for $18 million. Cavett will keep 16 acres for personal use — but the rest of the land will be preserved and opened up to the public with trails for hiking.

A final vote for the purchase of the property will come next week, bringing to a close almost two years of talks for what’s been talked about as “a special, unique environment and one of the most spectacular views on the East Coast.”

We hope it goes through. Read more over on Newsday…