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Don’t Mess with His Texas
WATERS: Betting the ranch on posterity.
Photo by John Davenport/San Antonio Express-News
Lost Maples State Natural Area in the Hill Country of Texas is noted for its beautiful limestone canyons and native bigtooth maple trees. The park recently grew by 700 acres thanks to Lou Waters (MBA ’66), who, for a bargain price, transferred a portion of his ranch land to the state so that it will be protected forever, the San Antonio Express-News reported (June 8, 2009). “You see it, and you just want to take care of it,” said Waters.
A Texas native, Waters worked on Wall Street before becoming founding chairman of Houston-based BFI Waste Management. Over the years, he began to purchase Hill Country land. Eventually, he gave up hunting and started to manage his property as a preserve for endangered species. “As you age, your values change,” Waters observed. “I think I love plants now more than animals.”
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