The Most Frequently Asked Questions About the Save Our Park Initiative
What is a capital campaign? A capital campaign is an intensive fundraising effort in a defined time frame for a specific capital project. Save Our Park is conducting a capital campaign to raise money to purchase Woodland Lake Park for the Town of Pinetop-Lakeside. The campaign is currently underway and will conclude in March 2020.
How much of the Park will the Town purchase? The goal is for the Town to eventually purchase the entire Park which is 543 acres. (The 40-acre Big Springs will remain in federal custody due to its cultural significance to several native tribes.) The Town has adopted a phased approach to purchasing the Park. In Phase 1, there is an immediate need to raise $1,800,000 to purchase the 107-acre developed Park. Once the developed Park is purchased, the Town will purchase additional acreage as funds are raised. Save Our Park has already secured $1,600,000 in legacy gifts that will be used for future phases.
How much money does Save Our Park need to raise? There is an immediate need to raise $1,800,000 in cash, securities and pledges for Phase 1. This includes the purchase price for the 107-acre developed Park ($1,635,000) and campaign costs ($165,000). The campaign goal also includes $1,600,000 for future phases and legacy gifts in that amount have already been pledged. The purchase price for all 543 acres is estimated to be $8,000,000 and while raising cash is paramount for immediate needs, Save Our Park welcomes inquiries from those who may wish to make a legacy gift.
Is Woodland Lake Park really at risk? Yes. The Town’s current use permit expires June 2020. And, while the Park is currently protected by federal law, at any time the law could change, and the Park sold to developers.
Why can’t the U.S. Forest Service give the Town the Park? Federal law prohibits the U.S. Government from gifting land or selling land at anything less than fair market value.
Why can’t the Town just buy the Park? The Town simply doesn’t have the funds to purchase the Park. Tax revenues are flat and there is an urgent need to invest in police headquarters.
Who will maintain the Park? The Town will continue to maintain the Park, just as it does today.
Why can’t the Town issue bonds to buy the Park? While it’s technically possible to issue bonds, the Town cannot afford to service the debt it would incur.
What happens to my donation if the Campaign doesn’t reach its goal? If for some reason the Campaign does not meet its goal by March 2020, Save Our Park will continue to raise money until there are enough funds to purchase the developed Park.
What happens when the Campaign reaches its goal? Once the initial fundraising goal for Phase 1 is met, Save Our Park will continue to raise money for future phases.
Is my contribution tax-deductible? All contributions to Save Our Park are tax-deductible, and a receipt will be provided. Please consult your tax preparer to discuss your specific situation. You may contact Save Our Park for its EIN.
How will my gift be recognized? Gifts of $5,000 and above will be recognized on a donor wall near the covered bridge. Additional recognition opportunities may be available for larger gifts.
Can I pay my donation in installments? Yes; you may make a written pledge now and pay your gift over installments through October 2020. If you wish to make a donation, click the Donate button below, or visit our Donate page.
How do I make a legacy gift toward future Park purchases? Contact Campaign Director Lynda Williams at (623) 251-8449 should you wish to make a legacy gift.