Would you turn it into income property? Would you create a sustainable farming project? Would you create a vocational area for local youth to learn a trade?
What say you?
ideally i would turn it into village for dementia patients, but i understand that the startup cost for such a think is around $22 million and i don't think i could generate that with the land (and i have no money, myself). but with that much land in my possession i think i could write a grant for my longer-standing pet project, a dream project really, of running an equine therapy shelter for abused women and children. the land would be a fabulous start.
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What would I do... I will provide land for the homeless... create a Fund Me Project for the homes. Or a Homeless Park with all amenities like Showers, Dispensary, Hassle free environment... but those caught in violation of certain simple rules like violence, thieving etc... will be expelled. I don't need that much land... I don't want that much land... I can live in a 4th of an Acre.
Firstly get a gardener. Then find a way of developing a not for profit education centre for those who couldn't afford school fees.
On the presumption of access to running water & other utilities, I would build a complex that would include family amusements like mini-golf, a community center that hosted various instructional/informational/recreational/arts & crafts activities for children, a space for live performances and plays, a library, a mom-and-pop general store, a selection of eateries, and--this one is no surprise to anyone who knows me--a multi-screen drive-in theater.
What is it's location? Access? What kind of resources are on/in the land? Is there water? Does a river run through it? What about Minerals? Trees? Other flora and fauna? Many economic considerations should be included before a decision is made.
Build a house with a pool and run around nekkid as much as I could!
I think my choices would be very practical ones: farming... the very sane kind that the land would best be suited for and/or build homes for the needy depending on what the land is suited for and location, tie-ins to transportation, water lines. sewer lines... etc.
Organic farming ....veggies/fruits/nuts/seeds depending on what was best suited for the climate.
Possibly also part wildlife refuge/sanctuary and/or animal rescue/sanctuary.