Gallatin Valley Land Trust, Montana
Bozeman Pond Park. Photo by Kelly Pohl.
At A Glance
- This partnership expands a popular urban park by 50 percent.
- Part of the property will be used as a domestic violence shelter.
- Property was sought by developers but our Land Conservation Loan Program helped a local land trust buy the property quickly.
Popular for its trails, beaches, fishing access, dog park and climbing boulder, the 16-acre Bozeman Pond Park sits in a densely populated, fast growing section of Bozeman, Montana that is underserved by public open space.
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 of a quick sale.
Through our Land Conservation Loan Program, we provided a critical $720,000 loan to Gallatin Valley Land Trust to purchase the property, which had previously been under contract by residential developers. In a unique example of conservation working for the community, the land trust will sell three acres to HAVEN, a domestic violence shelter and advocacy organization for use as a new shelter site. The remaining land will be purchased by the City of Bozeman as an expansion of the park.
Real estate deals often move quickly, sometimes faster than communities can secure funding for preservation. Our Land Conservation Loan Program supplies ready capital to local nonprofits, enabling them to seize conservation opportunities in their communities before they are lost forever.
“Without help from TCF we would have lost this property to development, but the Land Conservation Loan Program allowed us to be nimble and responsive to an urgent opportunity. The result is an incredible, lasting outcome for conservation and for our community.”
— Penelope Pierce , Executive Director, Gallatin Valley Land Trust