Our objective … will be to give everyone involved the ability to look at each and every tract (of land proposed for sale), to satisfy themselves if they want to, that these tracts are worthy of what we are proposing.

Land sales are a sensitive issue, and the public will have an opportunity to comment on the proposal. Then, we will revise the list one more time before transmitting it to Congress.

We estimate it will take 150,000 to 200,000 acres to meet the offset.

We will probably drop some tracts from the candidate list.

One of the properties on the list last year sold. And there was another sale just of land that was listed at $75 million. There have been some major sales in Malibu as well. There's high demand and very little product.

We're seeing properties that go for $20 million or more that don't even have an acre of land.