By Story Clark
Ultimately, a finished booklet on land conservation financing for group and nearby conservation leaders. A box advisor to Conservation Finance presents crucial recommendation on the best way to take on the common concern to maintaining deepest land in the United States: loss of money. Story Clark dispels the myths that conservationists can entry simply inner most money managed by means of participants or that purely huge conservation companies have clout with mammoth capital markets. She indicates how small land conservation corporations can in achieving conservation targets utilizing either conventional and state-of-the-art monetary innovations. Clark outlines crucial instruments for elevating funds, borrowing funds, and lowering the price of transactions. She covers a number of matters together with move charges, voluntary surcharges, vendor financing, revolving money, and undertaking comparable funding courses (PRIs). a transparent, well-written evaluate of the fundamentals of conservation finance with worthwhile insights and actual tales mix to create a e-book that's a useful and obtainable consultant for land trusts trying to shield extra land.
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Extra info for A Field Guide to Conservation Finance
Have government permitting issues been addressed? • Should the land be restored and then sold? • Have restoration costs been realistically budgeted? • If wetlands restoration is involved, does the land trust know enough about this business? Have the appropriate specialists assessed the restoration needs? Has the Army Corps of Engineers assessed the opportunity for mitigation funding? For the Hardeman Meadows purchase, we had an idea that we would sell the ranch to a conservation-minded buyer subject to a conservation easement allowing one new homesite and would fundraise for the difference between the purchase price and the restricted resale price.
The large parcel is the lynchpin in your conservation plan. It is along a river with important migratory bird habitat, visible from a highway approach, and backs up to a state park. It meets all of your project criteria, including the public benefit test. The seller is sympathetic but has to sell. It is close to a trendy resort. For a developer, these 120 acres would be perfect for retail and a large residential subdivision. The more appealing the project is, the easier it can be to finance, especially privately.
For this reason, most land trusts look for flexible financial support mostly from individuals. Ideally, these individuals become regular donors to the land trust through its annual giving program. Before creating a new funding need for a conservation purchase, a land trust should be certain that its sources of annual revenue are reliable by reviewing the revenue numbers and the individual donors behind them. Is annual giving revenue consistent? Are there donors who give every year, and does the land trust support and cultivate them?
A Field Guide to Conservation Finance by Story Clark