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Until 1995, when a freeze on such land transfers was declared by Congress, one
could pay the federal government $6-12 per hectare (@2.50-5.50 an acre) for
such land owned jointly by all U.S. citizens.
One could then lease the land to someone else, build on it, sell it, or use it for
essentially any purpose.
People have constructed golf courses, hunting lodges, hotels, and housing
subdivisions on public land that they bought from taxpayers at 1872 prices.
According to a 2004 study by the Environmental Working Group, public lands
containing an estimated $285 billion worth of publicly owned mineral resources
have been transferred to private companies under this law.