deaverview_mountain_transaction_stages_and_financi.pdf
SAHC Plans $8.2M Deaverview Mountain Acquisition for Parkland
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Description
Southern Appalachian Highlands Conservancy will purchase Deaverview Mountain from its non-profit lending partner for an estimated $8.2 million in July 2025, using state, philanthropic, and bridge loan funding. The acquisition depends on securing an additional $1 million.
Contract Details
Contract Amount
$8.2 million (estimated property purchase cost)
Vendor
SOUTHERN APPALACHIAN HIGHLANDS CONSERVANCY
Agency
Buncombe County, NC
Contract Type
OTHER
Document Date
July 18, 2024
Contract Term
Expected purchase July 2025
Renewal Date
2025-07-01
Renewal Info
No renewal info; one-time acquisition planned. Bridge loan to be repaid upon future County acquisition or grant funding.
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