UPDATE: August 28, 2014 at 6:12 p.m.
It's now official, funds to buy 900 acres of land above Pismo Beach to form a public space area known at the Pismo Preserve have been secured, according to The Land Conservancy of San Luis Obispo County.
The organization says it got word from the State of California on Thursday that an expected donation of $4 million came through.
The Conservancy's Kaila Dettman told KCBX Thursday afternoon that escrow proceedings have begun on the property. The process could be complete in early-to-mid September.