Looking to keep Wildwood Ecoforest in the public domain, the Ecoforestry Institute Society says it has made a significant offer to The Land Conservancy.
“In addition to arrangements around a charitable land trust ownership and covenant that would satisfy public domain requirements, we’ve made an offer of a $600,000 cash and creditor contribution,” said Peter Jungwirth, society chairman in a press release. “This will go a long way to help ease TLC’s significant debt problem.”
The 31-hectare forest, located in Cedar, was sold to The Land Conservancy in 2000 with the expectation it would remain public, but due to $8 million of debt, the conservancy is looking to sell.
The society said that while recent announcements from the conservancy have not mentioned its plan, the two continue to negotiate. The society hopes an agreement is solidified by May 1.