Warm Springs Preserve donations far exceed fundraising target
KETCHUM, Idaho (KMVT / KSVT) Thanks to the generosity of 687 donors, the Warm Springs Preserve Campaign Committee and the Spur Community Foundation, on December 31, 2021, the fundraising goal of $ 6.5 million was raised been achieved.
Thanks to the residents and visitors of the Wood River Valley, donations and pledges made it possible to reach the campaign committee member’s $ 1 million amount, achieve the $ 1 million price reduction provided by the owner and surpass the year-end goal of over $ 1 million. The total raised since the start of the campaign is now $ 7,599,446.90.
With so much money raised, the city is close to $ 400,000 of the property’s $ 8 million purchase price and $ 1.4 million of the campaign’s overall goal.
The incentive offered by the owner reduced the sale price of the Warm Springs reserve by $ 1 million, leaving the total fundraising target at $ 9 million instead of $ 10 million; $ 8 million for the acquisition of the property and $ 1 million for irrigation and essential site improvements.
The full amount to purchase 65 acres of the Warm Springs Ranch property must be available by April 2022.
“I cannot thank this community enough for responding so generously to the end of two year incentives,” said Mayor Neil Bradshaw. “We don’t have much more to do and with the support we have had so far, I have no doubts that we will get to where we need to be.”
Warm Springs Preserve will be kept as an open space in perpetuity for the community if the property purchase campaign is successful.
Priorities for the reserve include access to off-leash dogs, stream and habitat restoration, a new water-efficient irrigation system, walking trails, informal gatherings and activities, backcountry ski trails and snowshoeing and public restrooms. The development of organized sports and reserved private or commercial events would be restricted.
Currently, the property is zoned to allow for significant development. However, a subdivision application and city approval would still be required.
For more information, visit www.warmspringspreserve.org.
Copyright 2022 KMVT / KSVT. All rights reserved.