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PRESERVING LAND FOR PUBLIC USE The Trust for Public Land is a national organizat

ID: 1184167 • Letter: P

Question

PRESERVING LAND FOR PUBLIC USE The Trust for Public Land is a national organization that purchases and oversees the improvement of large land sites for government agencies at all levels. Its mission is to ensure the preservation of the natural resources, while providing necessary, but minimal, development for recreational use by the public. All Trust projects are evaluated at 7% per year, and Trust reserve funds earn 7% per year. A southern U.S. state, which has long-term groundwater problems, has asked the Trust to manage the purchase of 10,000 acres of aquifer recharge land and the development of three parks of different use types on the land. The 10,000 acres will be acquired in increments over the next 5 years with $4 million expended immediately on purchases. Total annual purchase amounts are expected to decrease 25% each year through the fifth year and then cease for this particular project. A city with 1.5 million citizens immediately to the southeast of this acreage relies heavily on the aquifer

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