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CPA in Wareham

November 1st, 2009 Leave a comment Go to comments

From Wareham:

A combination of a federal grant, Community Preservation funds and private donations, together totaling more than $3 million, will be used to protect more than 300 acres of land fronting on Buzzards Bay.

“It is especially compelling that Wareham town voters, through an initial allocation of Community Preservation Act funds, provided the seed money that was the catalyst for advancing this amazing project,” Wareham Land Trust President John Browning said in a statement. “Now the project has blossomed into the largest conservation area on the Wareham coastline, and the same voters have now completed the project by once again allocating CPA funds to the project. This is a testament to the foresight and commitment of the Wareham community to protecting the unique natural assets on Buzzards Bay.”

Wareham spent $320K on 20 acres of land that provides access to another 300 acrees on Buzzard’s Bay. That $320K, will was matched at probably 90% by state funds, resulted in $3 million in land. That’s a return of nearly $20 on the dollar. Even with no state matching – that’s still a return of $10 on the dollar.

CPA is smart money.

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