Gallatin Valley Land Trust, Montana
When a 12-acre property adjacent to the park came on the market, it seemed like a natural opportunity for a much-needed expansion because it was the only significant open space remaining near the park. But even though the City of Bozeman had recently approved a $15 million bond for the preservation and creation of trails, open space and parks, the funding would not be available in time to meet the landowner’s need for a quick sale. With the threat of development very real – the property had been under contract at least three different times with residential developers and had included plans for a 118-unit residential development – a solution was needed, and fast.
“This was a conservation opportunity we haven’t ever seen before—and likely won’t again. And when we needed a lender, going with the Fund was a no-brainer. They have outstanding professionals on their team that could work at the pace we needed, and they understood the dynamic, complex nature of our conservation project, enabling us to stay true to our mission throughout the process.”
—Kelly Pohl, Associate Director of Gallatin Valley Land Trust