It will cost less to preserve the historical block thanks to a reduction in the purchase price offered by Max Chapman, the seller. Specifically, a $1 Million price reduction by the seller has significantly increased the feasibility of the project and facilitated a realistic path forward to the project’s finish line.
Chapman says the owners are and have always been very supportive of this project. As a matter of fact, Chapman says they believe so much in the project that they believe that this reduction in sale price will help lead to the project’s success, and demonstrates their seriousness in wanting this outcome for the community.
As the anticipated project closing date of August 14thdraws near, project partners are encouraged by the momentum and progress of several key components of the deal including: a negotiated purchase price reduction of $1 Million offered by the seller, and the Jackson Hole Land Trust hitting the $4 Million fundraising milestone by July 4th.
With the new price reduction for the property, the Save the Block project still requires an additional $2.5 million to protect the greenspace and character of the Block.