A piece of land in Frisco, Colorado that can never be developed

By
Real Estate Agent with Coldwell Banker Colorado Rockies Real Estate

(Nor should it be!)

Last week The Giberson PreserveI was talking with a friend of mine about a parcel of land called the Giberson Preserve.  It is one of Frisco's last truly beautiful parcels of privately held land still in its original state.  The Continental Divide Land Trust (CDLT) holds a conservation easement on it so that it can never be developed.  When I told my friend that I thought the conservation easement was a good thing, her comment was, "that is a strange thing for a Realtor to say".  Realtors seem to have a reputation that we always want to develop land, and that is far from the truth.  I was active for a number of years on the board of CDLT and still support it as a sponsor for many events.  The current president of the organization is also a Realtor.  I just can't imagine how ugly that beautiful hayfield and hillside behind it would be with condo complexes all over it! 

Today there is a push to put a road over or near the Giberson land, so that the residents of Wildernest and Mesa Cortina can access the businesses and restaurants in Frisco more easily.  I understand that it is the Frisco business community behind that drive, under the guise of better emergency egress from the two subdivisions.  The road would split Forest Service land so that it is no longer contiguous.  That is usually the kiss of death, for fingers of Forest lands that reach into developed areas are often put on trade lists and end up being developed themselves. The Giberson Ranch, as seen from Highway 9

Let me me give you a little history, as I understand it, about the Giberson Ranch. 

The Giberson family is an old Summit County ranching family, and much of their 720 acre ranch consisted of land that now lies beneath Lake Dillon.  Giberson Bay, in Frisco, was part of their ranch.  When the land was condemned and used for Lake Dillon and I-70, they were told that condos would not be built around the lake, and that it would always be owned by the Denver Water Board.  In the 1990s the Water Board sold the land between the lake and the highway to developers and it became home to several condo complexes. 

I have been told that Howard Giberson said that he would not allow that to happen to the rest of the ranch.  In 1998, to keep it from ever being developed,  he put the conservation easement on it so that years from now it will still look as it does today.   The 174 acres is still private property and does not have public access. 

A couple of years ago, a beautiful ranch in the Carbondale area, near Aspen, was cut up into 35 acre parcels and sold by the heirs of the estate so that they could pay the taxes on it.  It was not what they wanted to do, but as developable land, the taxes were beyond their ability to pay.  I still remember seeing news reports of them crying as they sold the land at auction.  I wished that someone had told their family about the advantages of conservation easements and how it benefits everyone.   Putting a conservation easement on the land removes the development rights and thereby lowers the taxes, and it also gives the current owner huge tax breaks.  In Colorado, in some cases, the landowner can even sell their tax credits to other taxpayers for cash!

There are 13 homes sites at the edge of the Giberson Preserve that are not part of the easement.  They were reserved for family members.  A couple of the family members have sold their lots so not everyone living up there now is a Giberson, but the road is still private.   The Land Trust is charged with defending the ranch itself from future development of any sort.  It may be that one day they will have to use their defense fund and fight for this ranch, defending Howard's wishes that it always be a beautiful part of Frisco's landscape, not just another hillside full of condos and townhomes. 

Comments (18)

Rita Taylor
None - Sanford, NC
Sanford NC Real Estate - Homes for Sale in Sanford North Carolina

Joanne,

Looks like a beautiful spot.  Your pictures make me miss the mountains.  A lot of land in East Tennessee around the Great Smoky Mountains National Park has been protected in a similar way.  With all the development it is nice to see some land being protected.

Jul 08, 2007 03:51 PM
Joanne Hanson
Coldwell Banker Colorado Rockies Real Estate - Frisco, CO
Summit County, Colorado Realtor

Hi Rita, I have never been to your part of the country.  Sanford, North Carolina looks like a great spot from what I see on your blog.  As quickly as our population is growing, we need some protection for land.  One day, no one will know what open space looks like unless we protect it.

Jul 08, 2007 03:59 PM
Thesa Chambers
Fred Real Estate Group - Bend, OR
Principal Broker - Licensed in Oregon
Easements and deed restrictions can be a real asset to some and a downfall to others - one reason really reading a preliminary title report is so important - it is great that they kept a slice of heaven
Jul 08, 2007 05:43 PM
Ashley Drake Gephart
Drake Intel Group - Albuquerque, NM
Joanne I agree we need some protected land that will always be opened and being an agent I would think we would all see the need for this. Glad to see you supporting this.
Jul 08, 2007 06:24 PM
Joanne Hanson
Coldwell Banker Colorado Rockies Real Estate - Frisco, CO
Summit County, Colorado Realtor

Thesa and Ashley, one thing people must know about conservation easements is that it does devalue the land, from the standpoint that it takes away all development rights.  On the other hand, it adds value to surrounding property as they love looking at it!  The owner does get the money or some sort of savings on his taxes by "donating" those development rights, and it allows them to keep the land in the family.  It is a win-win situation.

I have this same post on my other blog on my website, and I got a comment from one of the (fairly distant) relatives, which was really nice to see.  The funny thing is that she didn't know much about the conservation easement or the land trust, so was going to investigate it further. 

Jul 09, 2007 01:04 AM
Jennifer Steck
Rocky Mountain Homescapes, Keller Williams, Denver Colorado - Denver, CO
Denver Real Estate
Joanne- Undeveloped land is part of the draw for people who want to live in communities near open spaces. I'm glad the family has worked to conserve it. I know Evergreen has some open areas that are "no build" sections. It keeps these mountain places special so that the areas don't turn into metro area like subdivisions. Hopefully the road won't be built or the county will place it so there is no interference with the open land.
Jul 09, 2007 01:39 AM
Joanne Hanson
Coldwell Banker Colorado Rockies Real Estate - Frisco, CO
Summit County, Colorado Realtor
Jennifer, people used to think that wetlands or steepness would keep people from building on a piece of land, but that is no longer the case.  They find a way around it when land gets scarce, so thank goodness for land trusts!
Jul 09, 2007 01:46 AM
Cyndee Haydon
Charles Rutenberg Realty - Clearwater, FL
727-710-8035 Clearwater, Beach Short Sales Luxury Condos &Homes
Joanne - I loved learning more about your area and the history - that is a real insiders view - you are definitely the Summit County Real Estate Expert
Jul 09, 2007 11:40 AM
Joanne Hanson
Coldwell Banker Colorado Rockies Real Estate - Frisco, CO
Summit County, Colorado Realtor
It is lucky Summit County is a small county.  Our full time population is only about 27,000 people.  It  makes it easier to stay on top of everything, but it is getting harder to do!  Thanks Cyndee!
Jul 09, 2007 11:46 AM
Elizabeth Weintraub Sacramento Realtor Top 1%
RE/MAX Gold - Sacramento, CA
Put 40 years of experience to work for you
I used to live in Dillon, Colorado. Gawd, it's like where haven't I lived? But I have fond memories of that area. I realize it has changed a lot as I ran into some residents of Frisco in the Galapagos Islands, of all places, who told me I would not recognize it today. I was there in 1974. Looking at your photos, I don't see anything I recall. But it's a lovely area, and I do hope at least part of remains undeveloped.

When I worked in Boulder, I remembered what happened to the Green Space there. Lots of land owners were upset that their land was confiscated (Eminent Domain)for the Green Space Program, and then low and behold, 20 years later, the city changed its mind and allowed development.


Jul 09, 2007 01:33 PM
Joanne Hanson
Coldwell Banker Colorado Rockies Real Estate - Frisco, CO
Summit County, Colorado Realtor

Isn't it a small world!  I had clients in the Galapagos not long ago...perhaps they were the people you talked to. 

None of our open space in Summit County has come from takings.  For the most part it has been bought, donated, or acquired as part of a land trade with the Forest service.  In many instances, it is still private land, like the one in this post, and doesn't have public access.  A lot of the ranchland in the lower blue, down valley towards Heeney, has been protected that way, and I am so glad!  Thanks for visiting Elizabeth!

Jul 09, 2007 04:41 PM
Elizabeth Weintraub Sacramento Realtor Top 1%
RE/MAX Gold - Sacramento, CA
Put 40 years of experience to work for you
It IS a small world, Joanne. Karen and Phil. Originally from New York. Nonstop talkers. Know them?

Jul 10, 2007 01:42 AM
Joanne Hanson
Coldwell Banker Colorado Rockies Real Estate - Frisco, CO
Summit County, Colorado Realtor
I hike with Karen pretty frequently, so yes, I do know them!  I will tell her that you said Hi next time I see her.  Smaller world, but more people.  Bigger networks bring us all into touch with each other one way or another.
Jul 10, 2007 01:55 AM
Dena Stevens Coriz
Rocky Mountain Realty - Canon City, CO
Putting The Real Into Realtor Since 2004

Off the subject as usual - but I HATE those condos next to the lake. They are not needed, they are an eye sore! But what else would I say? Growth with a conscience isn't difficult. We go to the mountains to enjoy the scenery, listen to the birds, ski, enjoy the lake, etc.... What does the world have to do to conserve more open space?

BTW, great pictures!

Jul 10, 2007 04:06 PM
Joanne Hanson
Coldwell Banker Colorado Rockies Real Estate - Frisco, CO
Summit County, Colorado Realtor

Howard Giberson died on Sunday.  I never met him, but I heard from so many people that he was a good man.  http://216.17.87.60/ee/summitdailynews/defaultr.php  Then go to page A4.   Our local paper has changed the way they display the news and you can't really get the direct URL any more. 

Howard hated those condos next to the lake too, Dena, and that is why he put the rest of the ranch in the conservation easement.

Jul 10, 2007 06:26 PM
Maggie Dokic | Miami, FL | 888.883.8509 X101
eXp Realty LLC - Miami, FL
GREEN, CDPE, SFR, Pinecrest | Palmetto Bay |
Joanne, what a great post.  I am happy to see that it isn't all about the developments.  You obviously know your stuff.  If I ever need a Summit County Colorado real estate pro, you're it!
Jul 11, 2007 01:47 PM
Anonymous
William John Giberson, Woodland, WA
Thank you for posting the wonderful pictures of Giberson Preserve. I especially enjoyed them because Wilbert Giberson was my grandfathers brother and I visited the original ranch in the early 1950's.
Apr 04, 2008 12:08 PM
#17
Joanne Hanson
Coldwell Banker Colorado Rockies Real Estate - Frisco, CO
Summit County, Colorado Realtor

Hi William, I am so glad you found the post I wrote.  The Giberson family is regarded with a great deal of respect around here.  I would have loved to have seen the Giberson ranch in the 1950s myself.  That would have been before the dam went in and before I-70.  There was a lot more land then.  It is an incredibly beautiful place.

Apr 04, 2008 12:24 PM

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