The City of Ketchum is hoping to preserve 65 acres of open space through fundraising.
The riverfront property is located in Warm Springs Ranch and comes with an $8 million price tag after being reduced from $9 million. For the sale to go through, the city and its partners, Warm Springs Preserve and Spur Community Foundation, need to fork over the cash by April 28. And thanks to nearly 700 donors, the group is on its way toward meeting its goal.
So far, $7,599,226 has been raised, surpassing the group’s December 31, 2021 goal of $6.6 million.
“I can’t thank this community enough for responding so generously to the two-year-end incentives,” Mayor Neil Bradshaw said. “We don’t have much further to go and with the support we’ve had so far, I’m confident we will get where we need to be.”
While the city is just around $400,000 shy of its mark to purchase the property, it still needs another million for site improvements and irrigation, making the total fundraising goal $9 million.
If the City of Ketchum and its partners are successful, the 65 acres would be kept as open space for the community. Uses would include an off-leash dog area, habitat and creek restoration, walking trails, a place for activities and gathering, nordic ski and snowshoe trails, and access to public restrooms.
It is noted that organized sports and reserved commercial or private events would be restricted.
The property is currently zoned for ‘significant’ development but a subdivision application would still need to be approved by the City of Ketchum.
To learn more about the campaign, click here.