Streisand OK with Calif. selling donated estate

May 31, 2011 - 3:13 PM

MALIBU, Calif. (AP) — Barbra Streisand says she understands that California has to sell her donated 22-acre Malibu ranch to help balance the state budget but hopes the buyer will preserve its "special habitat."

The singer released a statement last week about Gov. Jerry Brown's decision to put Ramirez Canyon and other state-owned properties up for sale.

Streisand donated the property to California and the state's Santa Monica Mountains Conservancy in 1993. It contains rolling meadows, creeks and custom homes.

Streisand wanted the property that was valued at $15 million to become an environmental conference and study center.

However, the conservancy scrapped those plans, angering Streisand.