In 2003, the WWF Chile program, The Nature Conservancy (TNC) and other local organizations acquired a nearly 60,000 hectare property that had been the subject of intensive forest controversies in the 1990s and early 2000s due to the conversion of native forests to eucalyptus plantations grown for paper pulp. The Valdivian Coastal Reserve was inaugurated on 22 March 2005. A further 10,000 hectares were donated to the Chilean state in 2012 in order to create the new Coastal Alerce National Park according to the plans laid out by the reserve's founding organizations in coordination with the National Forestry Corporation (CONAF for its Spanish acronym). It is now the largest protected area in the Chilean Coast Range.