2017 Land Report 100: Philip Anschutz
No. 27 Philip Anschutz
In 1982, the Kansas native sold his stake in the Anschutz Ranch East Field to Mobil for $500 million. He subsequently parlayed those gains into a host of other industries, including railroads, telecom, hospitality, entertainment, and professional sports. His portfolio includes the Los Angeles Kings and a piece of the Lakers as well as their home court, the Staples Center. With regard to his landholdings, the Anschutz Corporation has invested more than $100 million to develop Anschutz’s 320,000-acre Overland Trail Ranch and create the nation’s largest wind farm. Larger in size than Rocky Mountain National Park, the Overland Trail Ranch is buffeted by Class 6 and Class 7 winds and is the focal point for the Chokecherry and Sierra Madre Wind Energy Project. When fully operational, it is projected to generate up to 3,000 megawatts of clean, sustainable electricity. Hough concerns about protecting sage grouse have slowed progress, Anschutz’s Power Company of Wyoming is targeting 2020 to begin generating electricity to power 1 million California households.
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