The Bozeman Daily Chronicle stated it clearly and succinctly…It’s official: 12 acres of Bozeman’s iconic Peets Hill will be preserved as a city park.
The Peets Hill project demonstrated the remarkable ability of Gallatin Valley Land Trust to act quickly and decisively to mobilize local support and funding to protect one of Bozeman’s most treasured recreational assets. GVLT and its private and public partners were able to secure $1.23 million to finalize the purchase.
From the Chronicle article:
The 12 acres were listed for sale over the summer. The land trust jumped at the chance to preserve the land and submitted an offer to buy it for $1.23 million, which eventually was chosen after a previous offer fell through.
Then, GVLT started a public fundraising campaign, billing it as a chance to “protect Peets’ final piece.”
In a matter of weeks, hundreds of people donated to raise $800,000 to help with the sale. The land trust then turned to the city to ask for $485,000 to cover the rest of the costs and an additional $315,000 to be paid over the next two years to cover the cost of trail and land work planned for the parcel.
“I think the commission believes it’s a really good investment of public dollars and I think that’s because it’s used by so many people and so many visitors,” Bozeman Mayor Cyndy Andrus said. “It’s such a great project and it’s such a good resource, and I just believe the timing was really good … as we’re growing it’s more difficult to acquire land so this was a very good opportunity for the community.”
Andrus also praised GVLT for getting the deal done. Chet Work, the organization’s executive director, said it was an “honor” to facilitate the deal.
From a GVLT social media post: We are thrilled to report that as of yesterday afternoon, Peets’ Final Piece is officially protected from the threat of development forever.
Thanks to an outpouring of support from nearly 700 donors, GVLT and City of Bozeman purchased the 12 acre parcel at the south end of Peets Hill. We never could have protected this important piece of Bozeman’s most cherished park without your support.