Paul Christensen, president of Vancouver-based Realvest Corp.,owns 95 acres abutting the north side of Beard's Hollow, one of thestate's most pristine peninsula parklands, and has been planning aresort development in conjunction with another adjacent privatelandowner. To preserve the property, the state parks departmentwants to trade Christensen 56 acres of beachfront up the coastlinea few miles in the City of Long Beach.

The seven-member state parks commission still must approve theswap. Neither Christensen nor the state parks department havereturned Monday morning calls seeking further comment on therespective values of the land, zoning issues and developmenttimelines.

The state is reportedly trying to aggregate its scatteredownership along the peninsula to make it easier to manage.Christensen, who has built hotels and condos along the ColumbiaRiver in Vancouver, reportedly wants to build on the peninsulawhile ruffling the fewest feathers possible.

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