Ownership
Little Cumbrae was privately purchased in 2003 and there were plans for its development as a memorial park, nature reserve and corporate escape.
The island was sold again in July 2009 for £2 million. The buyers of the island, Scottish millionaire couple of Indian extraction, Sarwan and Sunita Poddar, opened there a yoga and meditation centre with the help of yoga guru Swami Baba Ramdev. There have also been rumours of the new owners planning to rename it "Peace Island", but those have been denied.
Read more about this topic: Little Cumbrae
Famous quotes containing the word ownership:
“They had their fortunes to make, everything to gain and nothing to lose. They were schooled in and anxious for debates; forcible in argument; reckless and brilliant. For them it was but a short and natural step from swaying juries in courtroom battles over the ownership of land to swaying constituents in contests for office. For the lawyer, oratory was the escalator that could lift a political candidate to higher ground.”
—Federal Writers’ Project Of The Wor, U.S. public relief program (1935-1943)