Active Stocks
Fri May 24 2024 15:59:27
  1. Tata Steel share price
  2. 174.80 -0.37%
  1. NTPC share price
  2. 374.85 0.68%
  1. State Bank Of India share price
  2. 828.60 -0.45%
  1. ITC share price
  2. 436.10 -1.16%
  1. Power Grid Corporation Of India share price
  2. 318.50 -0.39%
Business News/ News / India/  India-born billionaire wins US court ruling in private beach case
BackBack

India-born billionaire wins US court ruling in private beach case

The court upheld a trial judge’s ruling in Khosla’s favor, finding there was substantial evidence that the previous owners didn’t intend to dedicate the road for public use because they charged fees

A file photo of Vinod Khosla, venture capitalist and co-founder of Sun Microsystems, now part of Oracle Corp (Photo: Mint)Premium
A file photo of Vinod Khosla, venture capitalist and co-founder of Sun Microsystems, now part of Oracle Corp (Photo: Mint)

Billionaire venture capitalist Vinod Khosla’s long-running fight to block public access to a stretch of Pacific Ocean beach adjacent to his property got new life thanks to an appeals court ruling that could make it harder for surfers and sun seekers to get to the crescent-shaped cove an hour south of San Francisco.

The beach had been open to the public for decades before Khosla bought the 89-acre property in 2008 for $32.5 million and shut off the lone road leading there.

Many thought Khosla had hit a dead end last year when the US Supreme Court refused to take up his cause, but the ruling on Monday breathed life into it, finding the prior owners’ willingness to let beach goers use the road didn’t amount to a “public dedication" because they collected fees for parking.

That strengthens Khosla’s position if and when he obtains a permit from the California Coastal Commission to restrict the hours when a gate at the top of the road is open.

The Friends of Martin’s Beach, which has been sparring with the billionaire for years, wanted the court to find there was a long-established precedent for keeping the road open. Instead, the three-judge panel upheld a trial judge’s ruling in Khosla’s favor, finding there was substantial evidence that the previous owners didn’t intend to dedicate the road for public use because they charged fees.

“Payment of a fee to access or use property implies that such use is not a matter of right but instead is a permitted use," the San Francisco-based appeals court said. “A party who pays for a privilege and is granted the privilege in exchange for the payment is not acting as though he or she had an unfettered right to exercise the privilege."

The beach is sheltered on the north and south by high cliffs, making a single access road the only practical route. The previous owners used the property as a business, maintaining restrooms and a small convenience store.

Khosla, 64, is the founder of Khosla Ventures and co-founder of Sun Microsystems, now part of Oracle Corp.

You are on Mint! India's #1 news destination (Source: Press Gazette). To learn more about our business coverage and market insights Click Here!

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Published: 27 Nov 2019, 08:01 PM IST
Next Story footLogo
Recommended For You