Tuesday, January 23, 2007

East West Partners Donate $1 Million

Truckee, Calif. — According to the Auburn Journal, East West Partners, through Tahoe Mountain Resorts Foundation, and in partnership with Sierra Watch and Mountain Area Preservation Foundation (MAPF), contributed $1 million to the Truckee Donner Land Trust.

The contribution was generated from community benefit fees on all real estate sales at the Village at Northstar, one of East West Partners' four Tahoe Mountain Resorts (TMR) communities now under development in North Lake Tahoe. The Village is located at the base of Northstar-at-Tahoe ski resort with first-class, all-season recreational experiences - all pedestrian-friendly - including creative new restaurants, upscale retail shops, an ice skating rink and plaza, and new luxury residences and lodging facilities.

This is the first of many contributions to be made by East West Partners for open space protection in the Martis Valley region and was a result of a series of agreements which created funding mechanisms for open space preservation.

"There will always be a critical need to preserve open space in the Martis Valley," says Roger Lessman, managing partner for East West Partners' Tahoe operations. "To that end, East West Partners has levied a community benefit fee from real estate sales to support several environmental foundations aimed at acquiring and protecting open space, river and stream restoration projects and community education programs for the North Lake Tahoe region."

Founded in 1990, the Truckee Donner Land Trust is a nonprofit organization that works to preserve and protect important historic, recreational and scenic open spaces in the greater Truckee-Tahoe region. With over 1,400 members, the Land Trust has so far protected more than 11,000 acres, with plans to protect 35,000 valued at over $110 million.

"This contribution is a substantial down payment on conservation in the Tahoe-Truckee Region," says Tom Mooers, executive director of Sierra Watch. "One million dollars today means permanent protection of Martis Valley resources forever."

Sierra Watch is a nonprofit environmental organization committed to protecting the unique scenic, biological and agricultural resources of the Sierra Nevada, including the Martis Valley. MAPF is an environmental, nonprofit organization established by concerned residents of the Truckee-Tahoe region to preserve, protect and enhance the region's environment.

To date, including today's $1 million contribution, East West Partners, through its Tahoe Mountain Resorts communities, have funded $2.3 million in environmental programs and general community donations. It is estimated that the Tahoe Mountain Resorts communities will generate more than $50 million over the next 20 years to acquire open space, restore natural areas and support environmental education.

Although the Truckee Donner Land Trust is located in California, its efforts directly benefit Nevada as well, helping to protect and preserve Lake Tahoe, which is a national asset shared by California and Nevada.

Blog Archive

  © Template by Ourblogtemplates.com. Administered by Copywrite, Ink.

Back to TOP