The campaign announced today will raise $3.3 million to secure an 18-acre tract (shown in orange in the map below) that is permitted to support 274 multi-family housing units and small retail.
The acreage is a second portion of land conservationists believe is too close to the tree to be safely developed. The first 17-acre tract was successfully secured in December, after a five-month campaign. With donations pouring in from more than 10,000 individuals throughout the region – and the world – LOLT successfully met its obligations in round one with a blend of private, public, corporate and non-profit contributions. That effort halted the development of 356 units on land that supports forests and root systems critical to the tree’s health.
Of the $3.3 million needed to secure the second tract, LOLT can already count on $400,000 from the City of Charleston, whose Mayor Joseph P. Riley, Jr. has committed the funds. The trust received unanimous approval for $2.5 million in Charleston County Greenbelt Bank funds at the first board meeting on February 6 and will go before the Finance Committee of Charleston County Council on February 20. LOLT will engage the community to raise the additional $400,000 before the March 14 deadline.
We need your help to protect the second tract, so please donate today!