Fee-simple acquisition of land

Agreement of sale signed; contract expires December 31, 2006. Purchase pending funding.

$1,025,000

Pennypack Ecological Restoration Trust

The remaining $1,025,000 to complete the project would provide for:
1) acquisition funds of $1 million, and
2) transaction costs (including surveys and subdivision expenses) of $25,000.
 

High quality natural areas for preservation and public recreation in heavily developed southeastern Pennsylvania are scarce and increasingly precious. The Paper Mill Road Woods project is critically important for this reason. The forest, consisting of 66 acres divided between Lower Moreland and Bryn Athyn Borough in Montgomery County, is a high priority for protection in both municipalities' open space plans. The area is a key component of the natural area greenway that Montgomery County has designated along the Pennypack Creek. Paper Mill Road Woods is completely surrounded by other lands already protected by the Pennypack Trust. The property is appraised at $7.3 million, but the owner is offering it to the Pennypack Trust for $2 million - an incredible bargain sale.